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Why Procter & Gamble’s 3Q18 Margins Disappointed Investors

Why Procter & Gamble’s 3Q18 Margins Disappointed Investors

Procter & Gamble (PG) continued to report sluggish margins in fiscal 3Q18. The company’s core gross margin fell 110 basis points to 49.4% in fiscal 3Q18 as lower pricing to drive volumes and increased cost pressure more than offset the benefits stemming from cost and productivity savings.