Consumer giant’s sales volumes rising outside of one important market
Procter & Gamble, whose brands include Herbal Essences, said on Wednesday its organic sales rose 7% from a year earlier in the three months through September.Procter & Gamble sees a recovering consumer everywhere but in one market, which just so happens to be the world’s second-largest economy. That is encouraging news for the company itself, but an unsettling message more broadly about the state of China.
The maker of Tide detergent and Gillette razors on Wednesday said its organic sales, which strip out the impacts of currency movements and mergers, rose 7% from a year earlier in the three months through September. As has been the case in prior quarters, this was entirely thanks to price increases, as underlying volumes fell 1%.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rare monster-looking fish with sharp teeth washes up at OC’s Crystal CoveIt is the second angler fish to washed up at Crystal Cove State Park in recent years.
Read more »
Rare monster-looking fish with sharp teeth washes up on California coastIt’s quite fitting that the spooky-looking angler fish washed up on Friday the 13th, just weeks before Halloween.
Read more »
US Retail Sales Preview: Relentless consumer set to lift US Dollar, trigger downside Gold correctionHigher prices? No problem – that seems to have been the attitude of America's relentless shoppers in the past few years. Will it continue? There are g
Read more »
Retail sales data offers health-check on consumer, inflation pressures as economy defies recession callsGas prices may lift overall retail sales totals, but economists will be watching spending trends in core items to asses the health of the U.S. consumer heading into the autumn months.
Read more »
Goldman Sachs, Pulling Back From Consumer Lending, Reports 33% Decline in ProfitRevenue from investment banking and trading, Goldman’s traditional powerhouses, was little changed
Read more »
Goldman Sachs, Pulling Back From Consumer Lending, Posts 33% Profit DropRevenue from investment banking and trading, the bank’s traditional powerhouses, was little changed in latest quarter
Read more »