Comment on Procter & Gamble Co.'s Shaving Business Shrinks -- Again

Procter & Gamble Co.'s Shaving Business Shrinks -- Again

Procter & Gamble (NYSE: PG) recently closed the books on a fiscal year in which the consumer goods giant saw steady operating improvements. Organic sales growth sped up to a 2% pace from 1% despite a weak global selling environment. Profitability spiked as well, mostly thanks to aggressive cost cuts.P&G lost global market share, though, even with a more targeted portfolio that was packed with just the brands that management had selected for their impressive growth potential.

 

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