● Procter & Gamble Co. said quarterly profit came in ahead of expectations, driven by strong sales and faster-than-expected progress on its integration of Gillette. The company also raised its earnings expectations for the year, due in part to the success at Gillette, which it acquired in October.
Fiscal second-quarter profit jumped 29% to $2.55 billion from $1.98 billion a year earlier. The integration of Gillette, while still a drag on profit, affected earnings much less than P&G had previously expected.
P&G Profit Ahead of Expectations with Gillette
Published March 9, 2006
blog comments powered by Disqus