Product Demand Helps Procter & Gamble Beat Profit, Sales Estimates

Product Demand Helps Procter & Gamble Beat Profit, Sales Estimates
The logo for Procter & Gamble Co. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, on June 27, 2018. Brendan McDermid/Reuters
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Procter & Gamble Co reported first-quarter profit that beat estimates and sales that unexpectedly rose on Oct. 19, thanks to robust demand for its beauty and cleaning products, helping it stave off rivalry from cheaper store-branded products.

Organic sales, which exclude revenue from newly acquired units, enjoyed growth of 4 percent, the best in five years.