Procter & Gamble Co

PG: XNYS (USA)
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Procter & Gamble Earnings: Sales Trend Higher on Continued Brand Spending; Shares Look Expensive

Procter & Gamble posted a 3% rise in organic sales, on a 2% bump in volumes and a 1% benefit from favorable mix. However, margins contracted, with the adjusted gross margin down 30 basis points to 52.4%, and the adjusted operating margin off 80 basis points to 26.2%.

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