Procter & Gamble reported lower quarterly earnings Tuesday due in part to costs from US tax reform, and said it was amplifying efforts to counter teen abuse of its Tide detergent. P&G suffered another weak quarter in grooming, due to continued weakness in shaving products after the Gillette brand cut prices to compete with other companies. There was broad-based strength in P&G's beauty category, with Pantene and Head & Shoulders among the brands that sold well, along with premium skin-care offerings under Ski-II.
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