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. The Gillette franchise is one of these critical franchises, and it stumbled through falling sales again in fiscal 2017.
Image source: Getty Images.
Source: Fool.com
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