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Net sales down 1%, organic sales rise 1% as grooming segment takes a hit.
April 26, 2017
By: Christine Esposito
Editor-in-Chief
The Procter & Gamble Company reported third quarter fiscal year 2017 net sales of $15.6 billion, a decrease of one percent versus the prior year. Organic sales increased one percent, according to the CPG giant, noting that organic sales increased in four of five business segments. “The third quarter macro environment was characterized by a slowdown in market growth, continued geopolitical disruptions and foreign exchange challenges,” said David Taylor, chairman, president and CEO. “Again...
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