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's Always brand, in partnership with Thrive Global, launched the Always You app—a free period tracker designed to enhance users' wellness while combating period poverty. Users can track their menstrual cycles in under 30 seconds and contribute to donations for period products. The initiative addresses the challenge faced by 1 in 5 girls in the U.S. who miss school due to lack of menstrual products. The app also incorporates Thrive's wellness strategies to help women improve their holistic health.
The Procter & Gamble Company (NYSE: PG) announces that Nelson Peltz, CEO of Trian Fund Management, will not seek re-election to its Board of Directors during the 2021 Annual Meeting of Shareholders. Peltz has served since 2018 and has contributed to the Governance & Public Responsibility and Innovation & Technology Committees. Trian Fund Management expresses confidence in P&G's strategic direction and leadership, affirming the company's position for future success under David Taylor and Jonathan Moeller.
Procter & Gamble (NYSE: PG), a long-time Olympic sponsor, has launched the Athletes for Good Fund in collaboration with the IOC and IPC to support athletes making positive community impacts. The fund provided over $500,000 in grants for athletes' charitable initiatives ahead of the Tokyo 2020 Games. A virtual panel discussion featured athletes like Mariah Duran and Alice Dearing, who shared their journeys and community advocacy efforts. P&G's commitment is part of their 'Lead with Love' campaign aiming for 2,021 Acts of Good in 2021.
Eastman has partnered with Procter & Gamble to enhance recycling solutions and reduce reliance on virgin plastic packaging. This collaboration aims to implement Eastman Renew materials in select P&G products, promoting a circular economy. Both companies will work on initiatives to improve recycling infrastructure in the U.S., focusing on hard-to-recycle plastics. Eastman plans to construct a major plastic-to-plastic recycling facility in Kingsport, Tennessee, set to complete in 2022, utilizing over 200 million pounds of landfill-bound plastic annually.
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.
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