Procter & Gamble Executives Break Down Their Best Growth Quarter in a Decade
Procter & Gamble (NYSE: PG) recently closed the books on a banner fiscal year. The consumer products giant overcame major headwinds, including cost spikes, sharp foreign currency moves, and aggressive competition, to achieve a level of growth that shareholders haven't seen since before it rebooted its portfolio in 2012. Better yet, P&G's latest quarterly sales increase was its fastest in over a decade.
A lot of things had to go right for the company to expand that quickly, and CEO David Taylor and his team discussed those factors in a conference call with investors. Executives also detailed why they're projecting robust growth ahead, although at a slower pace than P&G reached over the past six months.
Let's take a closer look.
Source Fool.com
