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September 1, 2016
By: TOM BRANNA
Editor
Procter & Gamble reported declines in sales and earnings for fiscal 2016, but the results still beat analysts’ estimates. Net sales fell 8% to $65.3 billion. Operating cash flow was $15.4 billion for the year. The company also returned $7.4 billion of cash to shareholders as dividends. P&G announced an increase to the quarterly dividend in April, making this the 60th consecutive year of dividend increases. April-June 2016 quarterly net sales fell 3% to $16.1 billion. However, bea...
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