P&G Reports Slight Gain in Fiscal Q3 Sales

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By: TOM BRANNA

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Procter & Gamble said sales rose 1% to $16.5 billion in Q3 of fiscal 2019. The results topped estimates, but company executives said it will be tough sledding going forward, predicting full-year sales growth of flat to up 1%. In the past 12 months, P&G’s shares have jumped more than 45%. “We delivered another quarter of strong organic sales growth, enabling us to further increase our outlook for the year,” said David Taylor, chairman, president and chief executive officer, Procter &...

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