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Procter & Gamble Reports Biggest Sales Drop For The Year, Sees Profits Jump

October 23, 2015: 12:00 AM EST
Procter & Gamble’s net income rose to $2.60 billion, or 91 cents per share, in the quarter ending September 30, 2015, compared with $1.99 billion, or 69 cents per share, in the same period of the previous year. For the quarter, P&G reported its worst sales decline in seven quarters, with turnover adversely affected by weak demand across product categories and by a strong dollar. All product categories suffered double-digit percentage declines, with beauty, baby care, and grooming products seeing the worst decline.
"Procter & Gamble just reported its worst sales drop in over a year", Fortune, October 23, 2015, © Time Inc.
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