P&G Portfolio Trimming ‘Full Steam Ahead’ As Currency Headwind Pummels Profit
This article was originally published in The Tan Sheet
Executive Summary
P&G’s net income declined 31% in its second quarter and will decline for its full fiscal 2015 due to foreign exchange, but the firm remains focused on core brand growth and innovation and will weather the storm. The company so far sold or consolidated 35 of the 90 to 100 brands on its streamlining chopping block.
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