P&G Reports Weak Sales Growth on Lower Beauty Demand

Procter & Gamble Co. posted a second straight quarter of sluggish sales growth, dragged down by minimal price increases and weakness in key areas such as skin and baby care.

Organic sales, a measure that strips out items such as currency volatility, rose 2 percent in the fiscal first quarter ended Sept. 30, P&G said Friday. Analysts had projected an increase of nearly 2.1 percent. P&G’s prices were up, on average, by 1 percent in the period — the same as the previous quarter and well…