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Sales down 12% to $16.5 billion.
October 29, 2015
By: Melissa Meisel
The Procter & Gamble Company (P&G) reported first quarter fiscal year 2016. Sales fell 12% to $16.5 billion primarily to significant foreign exchange impacts. Organic sales were flat in the Fabric Care and Home Care and Grooming segments, and declined low single digits in the remaining segments. However, company leaders are optimistic for the rest of 2016. “We delivered strong first quarter operating profit margin and free cash flow results,” said Chairman, President and Chief Exe...
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