P&G Slashes Guidance, Promises Sharper Focus, Bigger Innovations

P&G will launch “bigger” products, pursue a more balanced growth objective, firm says during investor conference June 20, the same day the firm’s stock slipped on slashed guidance for the fourth quarter and fiscal year.

Procter & Gamble followed news that it was lowering guidance targets for the fourth quarter and full year 2013 with vows to launch “bigger” products, pursue a more balanced growth objective globally and still achieve $10 billion in savings by 2016.

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