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The $1.9 Billion Drag on Procter & Gamble's Earnings

·3 min read
The $1.9 Billion Drag on Procter & Gamble's Earnings
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Procter & Gamble (NYSE: PG) isn't growing like it did in the earlier phases of the pandemic. The consumer products giant recently closed out its fiscal year by reporting modest sales gains along with a rare drop in profit margins. P&G's new outlook calls for a similar result in 2022, in part thanks to soaring costs that will add almost $2 billion to its expense burden this year.