P&G Increases 4th-Quarter Sales Increase 4%July 31, 2019
The company posted a fiscal fourth-quarter net loss of $5.24 billion, or $2.12 per share, compared with a profit of $1.89 billion, or $0.72 cents per share a year earlier. The decline was attributed to a one-time $8 billion noncash write down of its Gillette brand. Organic sales for P&G’s health care division were up 10%, while sales in its beauty segment increased 8%
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Procter & Gamble Professional is the away-from-home division of Procter & Gamble, serving the food service, building cleaning and maintenance, hospitality, and convenience store industries. For more information, visit www.pgpro.com.