P & G Predicts Fall Sales Recovery

Procter & Gamble has experienced a general decline in sales since the onset of the recession as consumer spending falls along with sagging wages and rising unemployment. However, the household goods giant has stated that it expects its sales to recover throughout the fall as the company lowers prices and introduces more value brands.
 
After P&G released its predictions, its shares rose 4.2 percent, or $2.28, landing at $56.04. The company has told investors that it expects its prescription drug business to bring in 32 to 34 cents per share in profits this fiscal year, as well as a 1 to …read more