In today's edition, Fool analysts Andrew Tonner and Austin Smith look at Procter & Gamble's impressive earnings beat. The consumer goods mega-company has come under fire for weak performance the last few years, but now appears to be on CEO Bob McDonald's path to reinvention. The company beat on price increases and internal cost-cutting, not necessarily on aggressive volume growth. Austin and Andrew think P&G did a great job here, but still has some work to do as well.
One notable area for improvement is international growth. Procter & Gamble has lost ground to Unilever and other consumer goods companies internationally, and will need to claw back into a strong position to truly grow at a meaningful level in the future.
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