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Gillette’s Results are on Target

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By: TOM BRANNA

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The Gillette Company today said that results for the third quarter, ended September 30, were in line with expectations. Sales increased as market shares improved in each of Gillette’s core categories, including batteries. Very strong performances by the Mach3 and Venus shaving systems were offset by the company’s ongoing initiative to remove excess trade inventories of blades and batteries. Unfavorable foreign exchange, increased marketing investment and higher year-on-year administr...

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