Procter & Gamble earnings beat estimates, but weak demand in China hurts sales
The article discusses Procter & Gamble’s weaker-than-expected revenue due to lower demand in China affecting its sales. Highlights of the article include: 1. Organic sales in Greater China fell 15% in the fiscal first quarter, impacting sales of consumer staples like shampoo and diapers. 2. P&G’s outlook for China remains weak with expectations of demand […]
