Procter & Gamble Company - PG STOCK NEWS

Procter & Gamble (PG) has launched Home Eq[uity], an educational initiative aimed at closing the chore gap in North America by addressing the gendered division of household labor. Developed in collaboration with Hello Sunshine and Fair Play, this program provides a free curriculum for teachers and families, focusing on equitable distribution of household tasks. The initiative supports the ongoing conversation about gender equality in domestic responsibilities, inspired by P&G's 2021 campaign. With high engagement on social media platforms, Home Eq[uity] seeks to empower the next generation in sharing household duties.

The Procter & Gamble Company (NYSE:PG) reported second quarter fiscal year 2023 net sales of $20.8 billion, a 1% decline year-over-year, while organic sales grew by 5%. Diluted EPS decreased 4% to $1.59. Operating cash flow stood at $3.6 billion, and net earnings totaled $4.0 billion. P&G raised its fiscal year sales growth outlook, now estimating a sales decline of 1% to flat against the previous year, up from a prior estimate of a 3% to 1% decline. However, foreign exchange remains a significant headwind, impacting sales by 5%. The company is navigating cost challenges but maintains guidance for EPS growth between flat to 4% compared to fiscal 2022.

Flashlight Capital Partners, a significant shareholder of KT&G, has proposed several key initiatives for the company's 2023 Annual General Meeting. These include the election of two experienced executives to the Board, a spin-off of KT&G’s Ginseng Business, a dividend issuance of KRW 10,000 per share, and an increase in the share repurchase program. The candidates, Suk Yong Cha and Ou Jin Hwang, bring extensive leadership experience, with Cha previously leading LG H&H and Hwang as former CEO of Prudential Life Korea, known for substantial revenue growth. These proposals aim to enhance governance and drive shareholder value.

P&G Beauty and Mielle Organics have announced a partnership aimed at expanding access to hair care products specifically for Black women. Both companies commit $10 million each to Mielle Cares Charity, which focuses on education and economic opportunities in Black and Brown communities. This collaboration will allow Mielle to continue operating as an independent subsidiary and enhance its reach and innovation in the market. With Mielle's recent growth and funding, this partnership is positioned to serve more consumers and strengthen community investments.

The Procter & Gamble Company (NYSE:PG) declared a quarterly dividend of $0.9133 per share, payable on or after February 15, 2023. Shareholders of record on January 20, 2023 will receive this dividend, marking 132 consecutive years of dividend payments and a 66-year streak of increases. This commitment highlights P&G's focus on returning cash to shareholders who depend on the reliable income from their investments.

Cascade, America's leading dishwasher detergent brand, has launched Cascade Platinum Plus, a patented cleaning formula that eliminates the need for extra steps like prewashing and rewashing dishes. Designed to address consumer frustrations, this new product includes 50% more protein-fighting enzymes and significantly enhances grease removal power. A recent survey highlighted that many Americans still perform unnecessary prewashing, showing a clear demand for a more efficient solution. Cascade is encouraging users to try this product with a money-back guarantee and a promotional giveaway of 10 million ActionPacs.

The Procter & Gamble Company (NYSE:PG) will host a webcast on its second quarter earnings results on January 19, 2023 at 8:30 a.m. ET. Investors and media can access the live audio webcast through www.pginvestor.com. The session will also be available for replay post-event. P&G continues to strengthen its position with a robust portfolio of leading brands across multiple categories, serving consumers in approximately 70 countries globally.

Procter & Gamble has launched Tide Hygienic Clean Heavy Duty 10X, a powerful cleaning solution aimed at restaurants as they reopen. This product features 10 concentrated cleaning actives designed to remove visible and hidden dirt effectively. A survey indicates that 93% of Americans value cleanliness in dining establishments, and one in three diners would pay more if trusted cleaning products are used. Tide Hygienic Clean Heavy Duty 10X is marketed as the #1 stain and odor fighting detergent, providing businesses with a reliable cleaning solution for their fabric needs.

Vicks® PURE Zzzs Kidz partners with over 300 Sleep in Heavenly Peace (SHP) chapters to tackle child bedlessness in the US. As a sponsor of Bunks Across America, Vicks will assist SHP in delivering over 2,000 beds on December 10th during the 2nd Annual Deliveries Across America event. This initiative aims to ensure every child has a proper sleeping arrangement, crucial for their health. SHP, founded in 2012, continues to address the national child bedlessness crisis, emphasizing the importance of sleep for children's well-being.