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P&G posts Q3 results
CINCINNATI — Procter & Gamble on Friday announced a decrease in third-quarter profit, as sales rose 2%.
Net sales during the quarter rose 2% to $20.2 billion. Organic sales rose 3%.
Net earnings totaled $2.41 billion, or 82 cents per diluted share, compared with $2.87 billion, or 96 cents per diluted share, in the year-ago period.
In the company’s beauty segment, net sales rose 1% to $4.8 billion on unit volume growth of 1%. Organic sales grew 2%. Net earnings rose 3% to $523 million.
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Nestle Waters North America launches Resource in Southern California market
STAMFORD, Conn. — Nestle Waters North America has introduced a sustainably sourced natural spring water. has introduced a sustainably sourced natural spring water.
The company said Resource 100% natural spring water, which contains naturally occurring electrolytes for taste, has been launched in the Southern California market. The water is packaged in a recyclable bottle made with 50% recycled plastic, the company said.