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P&G’s Second Quarter Sales Rise 2%

Beauty and grooming sales up 1% and 3%, respectively.

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By: TOM BRANNA

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The Procter & Gamble Company’s second quarter net sales increased 2% to $21.3 billion driven by six percent volume growth, which was partially offset by unfavorable foreign exchange and mix impacts. Organic sales grew three percent, the company said. Diluted net earnings from continuing operations of $1.11 per share, an increase of 10%. Core EPS was up three percent. The company continued to deliver broad-based volume and market share growth. Volume was up 6% behind growth in all majo...

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