P&G Sees Organic Sales Recovering from Current Quarter

“Procter & Gamble Co reported a better-than-expected quarterly profit and said it expected growth in organic sales in the current quarter as its turnaround efforts begin to pay off. The company has been shrinking its portfolio to narrow its focus to more profitable brands such as Gillette shaving products, Pampers diapers and Tide detergent. Shares of P&G, which sold 43 brands to perfume maker Coty Inc in July, rose more than 2 percent in premarket trading on Friday.” Read more at Business of Fashion.