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P&G's Organic Growth Despite Market Volatility: Validation For Firm, Surprise For Analysts

 
• By Eileen Francis

P&G reported 7% organic and 1% net sales growth in latest quarter to $20.6bn. Analysts projected organic growth of 5.5% and saw results as indicator firm’s execution strategy, which includes cutting back on costs, is working.

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• Source: Shutterstock

Procter & Gamble’s 7% organic sales growth in its latest quarter exceeded analyst expectations, boosting their confidence in the firm’s execution strategy in the face of cost headwinds and price-wary shoppers.

The firm on 19 October reported sales for the July-September period, its fiscal year 2023 first quarter, reached $20.6bn on 1% net sales growth

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