Procter & Gamble Earnings: Positive Momentum Keeps Building

Investors were bracing for some disappointing news from Procter & Gamble (NYSE: PG) when the consumer products titan closed out its fiscal 2019. CEO David Taylor and his team had hinted at a conservative outlook for the coming year, in part because of aggressive competitive responses to its newfound market-share momentum.

However, while rivals like Kimberly-Clark (NYSE: KMB) did step up their attacks in recent months, P&G managed a surprising acceleration in sales growth to end its fiscal year. That performance sets it up for an even stronger fiscal 2020.

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