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P&G Q3 2011 Results Strong, Beauty Net Sales Up 9%
Posted: October 27, 2011
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For the October–December quarter, net sales growth is estimated to be 3–5%. Organic sales are also expected to grow 3–5%, with continued benefit from pricing of 3–4% partially offset by unfavorable mix of 1–2%. Foreign exchange is expected to be neutral to sales growth for the quarter. P&G reaffirmed its expectation for an inflection in operating profit growth in the second -half of its fiscal year. The improvement is expected to be driven by an increasing benefit from price increases, a declining impact from higher commodity costs and accelerating productivity improvements and cost savings.