P&G CEO gives upbeat report

AP News
Posted: Oct 12, 2010 2:30 PM
P&G CEO gives upbeat report

GOOD TRENDS: Procter & Gamble Co. CEO Bob McDonald told shareholders Tuesday the consumer products maker increased global market share, including in 14 of its 17 biggest countries, and saw higher per capita spending and household penetration in the past year.

MORE PRODUCTS: McDonald says P&G is adding consumers and sales by offering more versions of popular brands such as Gillette shavers and Tide detergent at different price levels.

EN ESPANOL?: A couple of shareholders got applause when questioning P&G's use of both Spanish and English on coupons. McDonald says P&G prints coupons in multiple languages because it wants to reach all consumers.