Around the Net
P&G Profit Plunges 40%; Sales Lack Luster
- Cincinnati Enquirer, Thursday, July 30, 2015 9:30 AM
Sales decreased 5% to $76.3 billion – missing Wall Street forecasts. Closely-watched organic sales, which exclude impacts from foreign exchange, acquisitions or divestitures, increased 1%. The Cincinnati-based consumer products giant said results were marred by foreign exchange rates, which shaved total sales by 6%. The company also took a $2.1 billion charge as it changed its method for accounting for Venezuelan operations.
