Procter & Gamble Company - PG STOCK NEWS

Procter & Gamble's Febreze has introduced its first-ever Scent of the Year, Ember, designed to uplift and evoke positivity as we enter 2022. This luxurious fragrance features a dominant note of mandarin, complemented by smoky, earthy elements of lava and sweet undertones of honeyed amber. The creation of Ember reflects extensive research into consumer preferences for mood-enhancing scents. Available in various forms, Ember is priced between $4.49 and $6.49 and aims to enhance self-care and home ambiance.

Next of Us (NOU) has launched the “Next of Us Intern Opportunity Fund” to support Gen Z interns by providing need-based financial grants. In partnership with Pay Our Interns, the initiative aims to alleviate the financial burdens of unpaid internships, particularly affecting students from historically excluded communities. NOU will distribute $50,000 in stipends to cover living and educational expenses, with applications open until March 31, 2022. This program reflects NOU's commitment to fostering equitable career access and supporting diverse talent in the workforce.

On February 11, 2022, Olay announced a donation of $50,000 to Actua’s National Girls Program, reinforcing its commitment to supporting women in STEM fields. This initiative aims to address the gender gap in science, technology, engineering, and mathematics by raising awareness about career opportunities for young women. Additionally, Olay will release a limited-edition STEM jar, contributing $15 from each sale to the program. The collaboration aims to empower over 10,000 girls annually, highlighting the importance of female representation in STEM careers.

Procter and Gamble's Gain brand has launched Gain Power Blast Dish Spray, enhancing the dishwashing experience with its iconic scent and Aroma Boost technology. A recent survey indicates that Gain users find washing dishes more enjoyable compared to non-users, with 37% stating that pleasant scents improve their mood. The product promotes water conservation by using 50% less water and is available in Starter Kits and Refills, priced at $4.49 and $3.49 respectively. Gain continues its tradition of turning mundane chores into delightful experiences.

This cold and flu season, Puffs has partnered with actress Javicia Leslie to support Cincinnati Children's Hospital by providing 3,500 boxes of Puffs Ultra Soft tissues. The initiative aims to comfort children battling life-threatening illnesses, acknowledging their strength as everyday superheroes. Puffs emphasizes the importance of soft tissues for delicate skin, especially during the winter months. Both Puffs and the hospital express gratitude for the collaboration, aiming to bring joy to young patients.

P&G's brands, Royal Oils by Head & Shoulders and Gold Series from Pantene, are launching the second wave of their $1 Million Rooted in Science Scholarship Fund this Black History Month. In collaboration with UNCF, they aim to support Black students pursuing STEM degrees with a commitment of $1 million over five years. Each year, approximately 20 students will be awarded $10,000 in scholarships, totaling $200,000 annually. The initiative seeks to enhance diversity in STEM fields and provide financial support to help Black students succeed in their academic pursuits.

Gillette (NYSE: PG) announces the Gillette Cup, a two-day gaming tournament set to start on February 3, offering a cash prize of $25,000. The tournament features members of the Gillette Gaming Alliance competing in 'Gillette Bed Battles', a custom Fortnite map, alongside global players. The Cup aims to enhance Gillette's presence in esports, aligning with its 120-year history of supporting sports.

Day One will feature regional qualifiers, while Day Two hosts the semi-finals and finals. This initiative follows previous success with over 250,000 plays of the custom map launched in November 2021.

Pantene has launched new high-performance conditioners designed to meet consumer desires for styling ease and longevity. These conditioners feature twice the protective antioxidants and pro-vitamin B5 compared to previous formulas. The Pantene Conditioner Collective, a group of diverse women, will demonstrate the product's effectiveness through the film "Can Your Conditioner Do This?" and social media challenges. Five varieties will be available for $4.99 starting January 2022, highlighting Pantene's commitment to showcasing authentic beauty without digital alterations.

The Procter & Gamble Company (NYSE: PG) reported second quarter fiscal year 2022 net sales of $21.0 billion, up 6% year-over-year. Organic sales also increased 6%, driven by a 3% rise in shipment volumes and a 3% increase in pricing. Diluted EPS reached $1.66, a 13% increase compared to the previous year. P&G raised its fiscal 2022 sales growth outlook to 3-4% and organic sales growth to 4-5%. Despite higher commodity and freight costs affecting margins, cash flow remained strong at $5.1 billion.