Financial News

P&G Q1 Earnings Rise While Sales Are Flat

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By: TOM BRANNA

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Procter & Gamble’s fiscal first-quarter results beat Wall Street’s view as it controlled expenses and saw solid sales growth in its health care segment. Results are the first since P&G closed its $11 billion deal with Coty. P&G has been working on transforming its business to better focus on bigger brands with growth potential. The sale of many of its beauty brands to Coty was the biggest move to shed some of the smaller brands that collectively contribute little to its operating ...

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