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P&G’s Q1 2020 Numbers Are In

How did maker of Tide, Olay and Gillette fare in opening quarter?

The Procter & Gamble Company reported first quarter fiscal year 2020 net sales of $17.8 billion, an increase of 7% versus the prior year. Excluding the net impacts of foreign exchange, acquisitions and divestitures, organic sales also increased 7%, said the maker of Tide laundry detergent and Olay skin care. “We delivered strong top-line growth, profit margin expansion and cash productivity in the first quarter, enabling us to increase our outlook for fiscal year results,” said David Tay...

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