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Expanding market shares drive sales for P&G
CINCINNATI — Procter & Gamble announced on Thursday that second-quarter sales rose 2% as the company works to expand market shares in more parts of the world.
Net sales for the quarter rose 2% to $21.3 billion, driven by 6% volume growth, which was offset partially by unfavorable foreign exchange and mix impacts. Organic sales grew 3%.
Net earnings dropped 28% to $3.3 billion, or $1.11 per diluted share, compared with $4.7 billion, or $1.49 per diluted share, in the year-ago period. Net earnings from continuing operations totaled $1.11 per share, up 10%.
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The Natural Baby Co. to showcase products at show
BOZEMAN, Mont. — A manufacturer of natural baby care products will display its lineup at this year's New York International Gift Fair next week.
The Natural Baby Co., known for its eco-conscious diaper brand, GroVia, also will familiarize visitors of the show with Denmark-based brand Hevea, a creator of pacifiers, teethers and bath toys. The Natural Baby Co. is Hevea's sole U.S. distributor.