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Lafley points to “unprecedented currency devaluations” as net sales fall 4%.
January 27, 2015
By: Christine Esposito
Editor-in-Chief
The Procter & Gamble Company reported second quarter fiscal year 2015 net sales were $20.2 billion, a decrease of 4% versus the prior year, including a negative 5% point impact from foreign exchange. “The October – December 2014 quarter was a challenging one with unprecedented currency devaluations,” said chairman, president and chief executive officer A.G. Lafley. “Virtually every currency in the world devalued versus the US dollar, with the Russian Ruble leading t...
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