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December 2, 2015
By: TOM BRANNA
Editor
P&G’s first quarter sales in fiscal 2016 fell 12% to $16.5 billion primarily due to significant foreign exchange impacts. Organic sales were flat in the fabric care and home care and grooming segments, and declined by low single digits in the remaining segments. However, company leaders are optimistic about the rest of 2016. “We delivered strong first quarter operating profit margin and free cash flow results,” said chairman, president and CEO AG Lafley. “Top-line results were soft, as e...
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