The Rising Influence of Rising Affluence

[DewDiligence]

PG +3%—company calls bottom in organic-growth rate:

http://www.wsj.com/articles/procter-gamble-sales-dip-1445599390

Procter & Gamble Co. is calling the bottom in its weak sales trends.

P&G’s organic sales, which exclude the impact of acquisitions, divestments and currency price moves, fell 1% in the quarter ended September after the company exited some unprofitable businesses and cut back on the variety of products it sells… But senior P&G executives predicted a return to growth in the current quarter.

Organic sales in China, P&G’s second-largest market after the U.S., tumbled 8% as the company’s Pampers diapers lost share to premium Japanese diaper brands.

The Pampers issue is not new—see #msg-116209848.