Procter & Gamble Company - PG STOCK NEWS

Procter & Gamble (NYSE:PG) recognized top-performing suppliers at its annual event, awarding 11 companies with the Partner of the Year accolade. This award highlights companies delivering exceptional value to P&G and its stakeholders. Additionally, six suppliers were honored with the Sustainability Award for their efforts in environmental commitments, aligning with P&G's Ambition 2030 sustainability goals. Chairman Jon Moeller emphasized the importance of these partnerships in driving mutual growth and sustainability.

Gillette has announced its first partnership with a Canadian professional sports team, the Toronto Raptors, becoming their official shave and beard care partner. This collaboration is highlighted by the launch of the ‘Choose Your Game Face’ campaign, showcasing various facial hair styles. Players O.G. Anunoby and Fred VanVleet are featured in promotional videos using Gillette products. The partnership aims to resonate with Raptors fans across Canada, offering a variety of grooming tools priced between $34.99 and $56.49.

The Procter & Gamble Company (NYSE:PG) will host a webcast of its Investor Day 2022 on Thursday, November 17, 2022, at 2:00 p.m. ET from Cincinnati, Ohio. Key executives, including Chairman Jon Moeller and CFO Andre Schulten, will present P&G's strategic plans for balanced growth and value creation. Investors and media can access the live event at www.pginvestor.com, and a replay will be available afterward. P&G boasts a diverse portfolio of trusted brands operating in around 70 countries.

Align Probiotic has launched its Women's Dual Action Probiotic, targeting gut and vaginal health. Developed by Senior Scientist Chelsay Brewster, this product contains Bifidobacterium 35624™, La-14®, and HN001™ probiotics, plus Chaste Tree for mood balance. Prominent figures Ashlyn Harris and Ali Krieger are advocating for the product's benefits, emphasizing the interconnectedness of gut and vaginal health. The probiotic aims to address digestive discomfort while supporting women's overall well-being with a single daily capsule, filling a noticeable gap in the market.

Crest and Oral-B are launching a campaign on National Brush Day to address the lack of basic oral care tools for children in underserved communities. For every product sold in November, products will be donated to children in need, with a goal to provide care to 20 million kids by 2030. Crest and Oral-B aim to raise awareness about the 'Smile Gap', where children are up to 4 times more likely to suffer from poor oral health. This initiative is part of their ongoing commitment to improve oral health access, education, and representation for at-risk youth.

Dawn, North America's leading dishwashing liquid, has launched a free e-book titled The Wonderful World of Blue, co-created with Jenna Bush Hager, aimed at educating children about wildlife protection. This initiative is part of Dawn's 50-year anniversary celebrations and its legacy of aiding wildlife rescue, having helped over 150,000 birds and marine mammals. The e-book features engaging stories and educational content to inspire small, positive environmental actions. Dawn aims to empower one million people to become wildlife heroes through this program.

Crest is enhancing Halloween excitement with a special offer of up to $3 off on its best-selling toothpastes, including the new Crest Densify lineup. This promotion is available through select national retailers until October 30. As Halloween approaches, Crest aims to help families maintain oral health during the candy-filled festivities. Additionally, Olympian Shawn Johnson shares Halloween preparation tips, focusing on protecting teeth while enjoying treats. Crest, a leader in oral health, emphasizes fun and family engagement during the spooky season.

The Procter & Gamble Company (NYSE:PG) reported Q1 FY 2023 net sales of $20.6 billion, up 1% year-over-year, with organic sales increasing 7%. Despite this growth, diluted EPS fell 2% to $1.57. The company maintains its fiscal 2023 organic sales growth guidance of 3-5% but reduced all-in sales guidance to down 3-1%. Headwinds include $3.9 billion in after-tax costs due to foreign exchange and higher commodity prices. Operating cash flow was robust at $4.1 billion, with a free cash flow productivity of 86%.

The Procter & Gamble Company (NYSE:PG) has received an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase up to 1,000,000 shares at $118.63 each, which is about 4.54% lower than the last closing price of $124.27 on October 7, 2022. P&G advises shareholders not to tender their shares, citing the offer's below-market price and the lack of investor protections typical of larger tender offers. The company emphasizes that it is not associated with TRC Capital and urges shareholders to consult market quotes and financial advisors before acting.