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.
The Procter & Gamble Company (NYSE:PG) reported a strong fiscal Q3 2022 with net sales up 7% year-over-year to $19.4 billion and organic sales up 10%. Diluted EPS rose 6% to $1.33. Operating cash flow stood at $3.2 billion, and the company returned over $3.4 billion to shareholders through dividends and stock repurchases. P&G raised its full-year sales growth outlook from 3-4% to 4-5% and maintained its EPS growth guidance of 6-9%. However, it expects significant headwinds from higher commodity and freight costs, with a total after-tax impact of approximately $3.2 billion affecting Q4 earnings.
Procter & Gamble (NYSE:PG) announced that Jon R. Moeller will serve as Chairman of the Board starting July 1, 2022, succeeding David Taylor, who is retiring. Moeller retains his position as President and CEO, having been integral to P&G’s leadership for over two decades. During Taylor's tenure, which spanned 40 years, he focused on balanced growth and completed significant organizational changes. Joseph Jimenez was reappointed as Lead Director of the Board. The leadership transition is expected to maintain P&G's momentum in delivering superior consumer products worldwide.
Dawn, North America's leading dish liquid, has announced new sustainability commitments aimed at protecting wildlife and promoting water conservation. Building on a 40-year partnership with organizations like International Bird Rescue and The Marine Mammal Center, Dawn aims to assist one million birds and marine mammals while inspiring individuals to become 'Wildlife Heroes'. Additionally, Dawn plans to reduce water usage in households by 25% by 2030 through product innovations and consumer education, emphasizing the importance of responsible dishwashing practices.
The Procter & Gamble Company (NYSE:PG) has announced an increased quarterly dividend of $0.9133 per share, reflecting a 5% increase from the previous quarter. This dividend will be payable on or after May 16, 2022, to shareholders on record as of April 22, 2022. This marks the 66th consecutive year of dividend increases and the 132nd consecutive year of dividend payments since 1890, underscoring P&G's commitment to returning cash to shareholders.
Dawn, North America's #1 dish liquid, has announced new sustainability commitments aimed at protecting wildlife and promoting water conservation at home. This initiative aims to aid one million birds and marine mammals through rescue efforts in partnership with organizations like International Bird Rescue and The Marine Mammal Center. By 2030, Dawn plans to reduce household water usage by 25% during dishwashing, emphasizing innovative products that require less water and energy, ultimately driving eco-friendly consumer behaviors.
Pampers, in partnership with Rock The Bells and Curio, is taking significant action during Black Maternal Health Week to improve outcomes for Black mothers. With alarming statistics showing that Black mothers face three times the risk of maternal mortality compared to white mothers, Pampers is sponsoring the week and launching a limited edition NFT collection. Proceeds from the NFT sales will support the Black Mamas Matter Alliance, focused on advancing maternity care and advocacy for Black women. The NFT auction begins on April 14, starting at $6,000, with a matching sales program for the first day.
Crest, the leading toothpaste brand in the U.S., has launched Crest Densify, a new premium toothpaste designed to rebuild tooth density and strengthen enamel. A recent survey reveals that over half of Millennials are most concerned about losing teeth as they age. Crest Densify utilizes stannous fluoride to provide 24-hour protection against decay and enhances enamel hardness. This product aims to shift consumer focus toward dental wellness, with plans for nationwide distribution starting in March 2023. The launch of Crest Densify represents a significant innovation in oral care.
Procter & Gamble (NYSE:PG) will host a webcast discussing its third quarter earnings on April 20, 2022, at 8:30 a.m. ET. Investors and media can access the live audio via www.pginvestor.com. The earnings report will provide insights into the company’s financial performance during the quarter, and the webcast will be available for replay, ensuring that stakeholders have continued access to the information.
Procter & Gamble has launched an all-new Weightless Dry Spray collection under its Secret brand, offering antiperspirant and aluminum-free deodorant options. These products provide 48-hour sweat and odor protection, and feature freshness-on-demand technology. The ergonomic design allows for precision application with less waste. The collection includes four scents and two aluminum-free formulas, emphasizing comfort and confidence for women. The innovative formula is free from waxes and alcohol, targeting evolving consumer needs.
ZzzQuil, a sleep aid brand owned by Procter & Gamble, is launching a campaign for National Sleep Month aimed at improving sleep hygiene. The initiative, titled 'Better Sleep in 1-2-Zzz', emphasizes the importance of quality sleep amidst busy lifestyles. The campaign will debunk common sleep myths and provide practical tips for better sleep, such as establishing a consistent schedule and utilizing sleep aids. ZzzQuil aims to educate consumers about sleep's health impacts while promoting their products as non-habit-forming solutions for occasional sleeplessness.
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