P&G Rides Pricing To Offset Lower Sales Volume, Currency Impact
This article was originally published in The Rose Sheet
Executive Summary
For Procter & Gamble's first fiscal quarter, beauty segment sales dipped 2% on an organic basis to $3b, though net sales in the division were down 12% attributed to lower volume and currency effects. The Cincinnati-based firm has increased produce prices and cut costs to counter the impact being felt in beauty and its other divisions.