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Q4 sales slightly down as company prepares to shed some brands.
August 1, 2014
By: Melissa Meisel
The Procter & Gamble Company reported a 1% increase in fiscal 2014 net sales to $83.1 billion. However, for the April – June 2014 quarter, net sales fell 1% to $20.2 billion. In other news, the company is looking to downsize some of its brands in an effort to cut costs, according to reports “P&G delivered top and bottom line commitments for the fiscal year,” said Chairman, President, and Chief Executive Officer A.G. Lafley. “We met our objectives in a very difficult operating envi...
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