Procter & Gamble Co
PG: XNYS (USA)
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Procter & Gamble Earnings: Accelerating Sales Growth Evidences Prudence of Strategic Course
Procter & Gamble reported 4% organic sales growth in the first quarter, driven by a 2.4% volume increase and a 1.6% aggregate benefit from higher prices and a favorable mix. However, cost savings couldn't offset inflationary pressure, so adjusted gross margin fell 150 basis points to 49.8%.
