Financial News

P&G Reports Declines Across All Segments

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By: TOM BRANNA

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Currency headwinds continue to batter the home and personal care industry. Procter & Gamble said sales declined across all major segments in the third quarter due to a strong dollar. P&G executives predict that the dollar will drive a 5 to 6% sales decline this fiscal year. Fiscal Q3 sales dropped 8% to $18.1 billion. P&G, which generates some two-thirds of its revenue outside of the US, said currency headwinds ate into its topline by eight percentage points and drove declines acr...

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