Procter & Gamble Co. Sales Fall 8% in Q3

The Procter & Gamble Co. felt the pinch on the top line, as sales fell nearly 8 percent in the third quarter in part due to strong currency exchange headwinds. During the third quarter, net income attributable to P&G fell 17.6 percent to $2.15 billion, or 75 cents a diluted share, compared with $2.61 billion, or 90 cents a share, in the year-ago period. RELATED CONTENT: WWD Earnings Tracker >> Net sales for the period ended March 31 decreased 7.6 percent to $18.14 billion, compared with $19.64 billion in the year-ago period. Organic sales gained one percent. Beauty’s organic sales continued to decline — decreasing 3 percent — in the quarter. The grooming, health care and baby, feminine and family care showed gains, while fabric and home care was flat. Click Here for the WWD Global Stock Tracker >>s

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