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P&G Promises Greater Innovation In Personal Care After Lackluster Q3

This article was originally published in The Rose Sheet

Executive Summary

Recent struggles cause Procter & Gamble to knock down its full-year earnings-per-share guidance. Questioned by analysts, CEO Bob McDonald accepts blame and promises that P&G “will deliver.” The firm’s U.S. grooming and oral-care businesses have taken hits due to “unprecedented” promotional spending by competitors, according to company leadership.

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