Financial News

Procter & Gamble’s Sales Slide 5% in Fiscal 2015

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By: TOM BRANNA

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For the fiscal year 2015, Procter & Gamble reported a 5% decrease in net sales to $76.3 billion. Within beauty, hair and personal care, organic sales declined 1% as pricing benefits only partially offset lower volume. Innovation-driven sales growth in cosmetics and salon professional was offset by a sales decline in skin and personal care due to competition and decreased sales in prestige due to lower levels of innovation. Hair care organic sales were unchanged as modest growth from pric...

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