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 fourth quarter and fiscal year 2021 results, showing strong performance with net sales of $76.1 billion, up 7% from the prior year. Diluted EPS increased 11% to $5.50. Despite challenges, P&G expects continued growth in fiscal 2022, estimating all-in sales growth of 2-4% and GAAP EPS growth of 6-9%. However, they anticipate headwinds from increased commodity and freight costs amounting to approximately $1.9 billion after-tax, impacting EPS growth by 12% percentage points.
Procter & Gamble (NYSE: PG) has announced that Jon R. Moeller will succeed David Taylor as President and CEO, effective November 1, 2021. Taylor will transition to the role of Executive Chairman. Moeller, who has been with P&G since 1988 and held various senior leadership positions, including COO, expressed confidence in the company's future and its commitment to sustained excellence. Additionally, Shailesh Jejurikar has been appointed COO, effective October 1, 2021. The Board believes this is the right moment for leadership transition to ensure continued growth and value creation.
Secret's new campaign, Just #WatchMe, aims to combat the alarming dropout rate of girls in sports, which is twice that of boys by age 14. The initiative includes a $150,000 pledge to girls' sports as part of a $1 million commitment to gender equality and encourages society to support women athletes. Through partnerships with the Women’s Sports Foundation, the campaign promotes inclusivity and visibility in women’s sports. Events include murals in major cities and a viewing party in NYC, aiming to fill bleachers and inspire young female athletes.
Always and Walmart are collaborating with the Women’s Sports Foundation to encourage girls to stay in sports, launching the #KeepHerPlaying initiative. Olympic gymnast Laurie Hernandez supports this campaign, which highlights the essential life skills girls acquire through sports participation. Research shows nearly half of U.S. girls drop out of sports during puberty, while 66% of women attribute their success to sports. Always has committed $500,000 in grants to help organizations provide opportunities for girls in sports. The initiative aims to combat economic barriers and ensure equitable access to athletic programs.
Gillette Venus has launched a new limited-edition shave collection in collaboration with Rifle Paper Co., featuring hand-illustrated floral designs on popular products. This collection aims to enhance beauty routines with both aesthetic appeal and trusted product performance. Available exclusively at Target, products include a Deluxe Smooth Sensitive Razor priced at $14.99 and Pure Honeyflower Shave Cream for $5.99. The partnership highlights the integration of art and functionality in everyday grooming products.
Gillette Venus has unveiled a new limited-edition shave collection in partnership with Rifle Paper Co., featuring signature floral designs on various products. The collection includes the Deluxe Smooth Sensitive Razor ($14.99), blade refills ($19.99), disposable razors ($6.99), and Pure Honeyflower Shave Cream ($5.99). Available exclusively at Target, this collaboration aims to merge beauty with functionality in daily grooming. Kara Buckley from Procter & Gamble expresses excitement over this partnership, highlighting the innovative designs that enhance everyday beauty experiences.
The Procter & Gamble Company (NYSE: PG) has declared a quarterly dividend of $0.8698 per share on its Common Stock, and on Series A and Series B ESOP Convertible Class A Preferred Stock. The dividend is scheduled for payment on or after August 16, 2021, to shareholders of record by July 23, 2021. P&G has a remarkable history of 131 consecutive years of dividend payments and has increased its dividend for 65 consecutive years, underscoring its dedication to returning value to shareholders.
Quiet & Roar, a new body care brand from Procter & Gamble, launches a multi-sensorial product line designed to alleviate anxiety and enhance wellness. The collection includes body washes, scrubs, and lotions, featuring essential oils and crafted scents such as Lavender, Lemon Blossom, and Coconut. Priced at $8.99, these products are aimed at helping Gen Z manage stress, according to research showing 91% of this demographic experiences anxiety. All offerings are free from parabens, phthalates, and dyes, and are cruelty-free, available exclusively at Target.
The Procter & Gamble Company (NYSE:PG) will host a live webcast discussing its fourth quarter earnings results on July 30, 2021, starting at 8:30 a.m. ET. Investors and media can access the audio webcast at www.pginvestor.com. The call will also be available for replay.
P&G continues to serve consumers globally with a strong portfolio of trusted brands, operating in approximately 70 countries.
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