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Company Earning Updates 3 minutes

Procter & Gamble (NYSE: PG) 3Q19 Results: Innovations and Increased Pricing Drive Growth

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Coresight Research

Key Points

  • P&G reported net sales of $16.5 billion for the third quarter of fiscal 2019, an increase of 1.1% year over year. Organic sales (which exclude the impact of currency changes, acquisitions and divestitures) were up 5% versus last year.
  • The beauty segment recorded the highest organic sales growth at 9% year over year in 3Q19.
  • Grooming was the only segment that saw a decline in organic sales, which were down 1%.
  • For FY19, P&G is targeting organic sales growth of 4% and a net sales increase of up to 1%.

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