Procter & Gamble Co

PG: XNYS (USA)
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Procter & Gamble Earnings: Macro Volatility Caps Sales and Profits; Shares Still Strike Us as Rich

Procter & Gamble's fiscal third-quarter organic sales ticked up a mere 1% on price hikes. The adjusted gross margin slumped 30 basis points to 51%, as productivity savings and stepped-up prices were offset by unfavorable mix, inflation, and reinvestment in the business.

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