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But sales and earnings decline in fiscal 2016.
August 2, 2016
By: Melissa Meisel
Procter & Gamble reported declines in sales and earnings for fiscal 2016, but the results still beat analysts's estimates. Fiscal year 2016 net sales for Procter & Gamble decreased 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...
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