Procter & Gamble Co

PG: XNYS (USA)
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Procter & Gamble Earnings: Despite Near-Term Headwinds, We See Unwavering Long-Term Focus as a Plus

Organic sales edged up 2% in Procter & Gamble's fiscal first quarter, on the heels of higher prices and a favorable mix, as volumes held flat year over year. Costs related to tariffs and commodities inflated, eating into profits, with the adjusted gross margin contracting 50 basis points to 51.4%.

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