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.
Pantene's new #StyleWithPride campaign highlights authentic LGBTQ+ representation in advertising, challenging stereotypes around hair and self-expression. Collaborating with Getty Images, the campaign aims to showcase the diverse styles of the LGBTQ+ community, offering a gallery accessible to brands. Additionally, for every photo shared with the campaign hashtag, Pantene will donate $1 to the Dresscode Project, up to $100,000. The initiative reinforces Pantene's commitment to inclusivity and aims to inspire the marketing industry to better represent LGBTQ+ individuals.
Always and International Paper are collaborating to address period poverty in the U.S. ahead of Menstrual Hygiene Day on May 28. They hosted an event in Washington D.C. to support Congresswoman Grace Meng’s Menstrual Equity for All Act, which aims to provide free period products in schools. Since 2018, Always has donated over 160 million period products globally. Awareness efforts include partnering with activist Jameela Jamil. The bill, if passed, would ensure greater access to essential period products for students nationwide.
Andre Schulten, CFO of Procter & Gamble (NYSE:PG), will speak at the Goldman Sachs Global Staples Forum on Tuesday, May 17, 2022, at 10:20 a.m. ET. Media and investors can access the live audio webcast at www.pginvestor.com starting at the designated time. The webcast will also be available for replay afterwards. Procter & Gamble is a leading company with a strong portfolio of trusted brands operating globally in around 70 countries.
Febreze has launched the CARstrology Collection, a unique line of 12 car scents designed in partnership with astrologer Aliza Kelly. Each scent corresponds to a zodiac sign, enhancing the driving experience by aligning scents with personalities. Available starting May 3, 2022, the collection includes scents like 'Febreze CAR Ember' for Aries and 'Febreze CAR Ocean' for Pisces. Limited edition zodiac-themed boxes will be given away during the promotion, which runs until May 31, 2022. The Febreze CAR vent clips provide customizable scent intensity, lasting up to 40 days.
Bounty Paper Towels has announced a partnership with Best Friends Animal Society to waive pet adoption fees for new pet owners during National Pet Month this May. Each adoption will allow Best Friends to save two additional animals in need. This initiative addresses the overcrowding issue in shelters, which is exacerbated by staffing shortages and other challenges, leading to an increased risk for at-risk pets. Katherine Schwarzenegger is also involved in promoting this campaign, highlighting the importance of pet adoption and rescue.
Tide and the World Wildlife Fund (WWF) have partnered to promote washing laundry in cold water, saving up to 90% energy and approximately $150 annually for consumers. This initiative aims to shift 3 in 4 laundry loads to cold by 2030, significantly impacting climate change. If successful, this switch could cut GHG emissions by 27 million metric tons over a decade. Currently, over 50% of laundry is done in cold water, highlighting progress toward this goal. Tide’s sustainability efforts are crucial, addressing both eco-habits and consumer behavior to create a lasting impact.
OLAY and Pantene have introduced personalized Boosters for skin and hair at Walmart. These products, available in-store and online, cater to individual consumer needs based on extensive research showing a demand for customized beauty solutions. The Boosters feature simple formulas free of parabens and mineral oil, enhancing daily routines with key ingredients. An online quiz helps consumers find suitable products. This launch represents a significant development in beauty customization, aiming to improve the shopping experience and meet changing consumer preferences.
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.
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