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P&G ‘Clear-Eyed’ On Challenges Ahead; Growth Will Soften, But Strategic Priorities Go Unchanged

 
• By Eileen Francis

Environmental sustainability and DEI will remain key priorities for P&G as it enters a fiscal 2023 that augurs even greater volatility than 2022. The firm’s net sales for the 12 months ended 30 June increased 5%, or 7% organic, to $80.2bn, propelled by an 8% pricing increase in the fourth quarter.

headwind umbrella

Procter & Gamble Co. expects net sales and earnings growth to slow in fiscal 2023, but the firm vows to keep its strategic focus on innovation and brand building amid blustery macroeconomic headwinds.

“We're very clear-eyed about the trials ahead

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