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Slight drop in sales as expected, says company
January 30, 2009
By: TOM BRANNA
Editor
Beauty and Personal Care Fall Flat at P&G Slight drop in sales as expected, says company The Procter & Gamble Company posted a 3% drop in net sales to $20.4 billion for the October-December quarter of 2008. The company attributes the decrease due to unfavorable foreign exchange and lower volume. “As expected, this was a particularly challenging quarter,” said Chairman of the Board and Chief Executive Officer A.G. Lafley. Beauty net sales decreased 4% to $4.9 bi...
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