Welcome to our dedicated page for Procter & Gamble Company news (Ticker: PG), a resource for investors and traders seeking the latest updates and insights on Procter & Gamble Company stock.
Procter & Gamble Company (NYSE: PG), headquartered in Cincinnati, Ohio, has established itself as a global leader in the consumer goods industry since its inception in 1837 by William Procter and James Gamble. The company stands as one of the world's largest producers of household and personal care products, generating over $80 billion in annual sales.
Procter & Gamble's diverse portfolio features some of the most trusted brands across various categories. The company's impressive lineup includes more than 20 brands that each generate over $1 billion annually in global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G’s strategic decision to focus on core consumer product lines led to selling its last food brand, Pringles, to Kellogg in 2012.
With a significant international presence, around 53% of Procter & Gamble's sales come from outside the United States. The company continues to invest in innovation and sustainability, ensuring its products meet the evolving needs of consumers. Recent achievements include advancements in product formulas, packaging innovations aimed at reducing environmental impact, and strategic partnerships enhancing their market reach.
Financially, Procter & Gamble remains robust, consistently delivering value to shareholders through dividends and share repurchases. The company's commitment to operational excellence and cost efficiency supports its strong financial performance and competitive edge in the market.
Procter & Gamble has launched Downy Rinse & Refresh™, a new deep-cleansing fabric rinse aimed at tackling malodour issues prevalent in 1 in 3 households. This product claims to eliminate odour-causing residues 3X better than regular detergent in one wash, addressing persistent smells from workout clothes, pets, and kids. Available in Cool Cotton and Fresh Lavender, Downy Rinse & Refresh™ will retail for $8.99 (754 mL) and $15.99 (1.42 L). This initiative includes influencer partnerships and TV advertisements to promote its launch.
Procter & Gamble's Downy has launched Downy Rinse & Refresh™, a new deep-cleansing fabric rinse aimed at tackling laundry malodor. Designed to eliminate odor-causing residues up to 3X better than standard detergent, this innovative product addresses a common concern for 1 in 3 households facing laundry malodor. Available in Cool Cotton and Fresh Lavender, it is priced at $6.99 for 25.5oz and $12.99 for 48oz. The product is compatible with all fabric types and free from dyes and heavy perfumes, marking a significant advancement in laundry solutions.
The Kroger Co. (NYSE: KR) and Procter and Gamble (NYSE: PG) announced the launch of their women's leadership initiative, Queen City Game Changers, on September 7, 2022. This program aims to enhance female advancement in sports, business, and education. The inaugural class consists of 130 leaders from Greater Cincinnati, offering mentorship and a structured eight-month curriculum. Additionally, five female scholars were awarded the Game Changers Scholarship, a $5,000 scholarship aimed at supporting multicultural women pursuing higher education. The initiative coincides with the Kroger Queen City Championship event from September 8-11, 2022.
Procter & Gamble's CFO, Andre Schulten, will speak at the Barclays Global Consumer Staples Conference on Thursday, September 8, 2022, at 9:00 A.M. ET. Media and investors can access a live audio webcast of the event at www.pginvestor.com. The presentation will also be available for replay. Procter & Gamble, listed on the NYSE under the symbol PG, boasts a diverse portfolio of leading brands such as Tide®, Crest®, and Pampers®, and operates in about 70 countries.
Procter & Gamble (NYSE:PG) has deployed the Tide Loads of Hope Mobile Laundry Unit to Hazard, Kentucky, to provide free laundry services to families affected by devastating floods. Beginning on August 2, the mobile unit will operate at the Walmart Supercenter, offering laundry assistance and distributing personal care kits with essential items. This initiative aims to support recovery efforts in the region, which has experienced significant flooding, loss of life, and power outages. Tide has a long track record of disaster relief, having aided over 90,000 families since its inception.
OLAY has announced a partnership with actress and comedian Quinta Brunson, who will be the face of its new campaign for the Retinol 24 + Peptide Night collection. This collaboration coincides with Brunson's Emmy nominations for Abbott Elementary. The campaign emphasizes authenticity, featuring unretouched visuals to support OLAY's Skin Promise. Brunson shares a personal connection to the brand, inspired by her mother’s skincare routine. OLAY's new campaign aims to redefine beauty standards and inspire confidence among women.
The Procter & Gamble Company (NYSE: PG) reported a strong fiscal year 2022 with net sales of $80.2 billion, up 5% year-over-year. Organic sales grew by 7%, driven by a 2% increase in volume and a 4% rise in pricing. Diluted EPS rose 6% to $5.81. In Q4, net sales reached $19.5 billion, a 3% increase, with diluted EPS up 7% to $1.21. However, the company anticipates significant headwinds in fiscal 2023, expecting all-in sales growth of 0-2%, impacted mainly by foreign exchange and higher commodity costs, amounting to a projected $3.3 billion after-tax hit.
The Procter & Gamble Company (NYSE:PG) announced a quarterly dividend of $0.9133 per share, payable on or after August 15, 2022, to shareholders of record at the close of business on July 22, 2022. P&G has maintained its dividend for 132 consecutive years and increased it for 66 years, showcasing its commitment to returning cash to shareholders reliant on this steady income.
Venus has launched a new social media campaign featuring rapper Princess Nokia, titled “It’s Time to Care (For Your Pubic Hair)”. The initiative aims to destigmatize anatomical terms for the pubic area, encouraging women to adopt more accurate language. This follows the brand's previous campaign, #SayPubic, and the introduction of the Venus for Pubic Hair & Skin Collection, which includes new products like a Gentle Trimmer and Hair & Skin Softening Oil. The collection is pH balanced and dermatologist tested, emphasizing personal grooming options for women.
Old Spice and Arby’s have partnered to combat meat sweats with a unique campaign, featuring the Meat Sweat Defense kit. This kit includes Old Spice Sweat Defense Dry Spray and a roast beef-patterned sweatshirt. The limited-edition kits are available for $60 at Arbysshop.com. The collaboration boasts a humorous new advertisement starring Isaiah Mustafa, directed by Ruganzu Howard. The initiative highlights Old Spice's commitment to innovative, humorous solutions for men's grooming needs while promoting Arby’s iconic sandwiches.
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