Rising Material Costs Burden P&G's Earnings, Spark Price Increases
This article was originally published in The Tan Sheet
Executive Summary
The marketer of Crest and Prilosec OTC takes a $1.5 billion write-down on its appliances business, and faces continuing pressure from commodity costs. The health care segment’s net sales increased 1% to $3.2 billion, but price increases added 3% to the total, the firm said.
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