Welcome to our dedicated page for Procter & Gamble news (Ticker: PG), a resource for investors and traders seeking the latest updates and insights on Procter & Gamble 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.
P&G reported Q1 fiscal year 2025 results with net sales of $21.7 billion, a 1% decrease year-over-year. Organic sales grew 2%, driven by 1% increases in both pricing and organic volume. Diluted EPS decreased 12% to $1.61 due to higher restructuring charges, while core EPS increased 5% to $1.93. Operating cash flow was $4.3 billion, and adjusted free cash flow productivity was 82%. The company returned $4.4 billion to shareholders via dividends and share repurchases.
P&G maintained its fiscal 2025 guidance, projecting 2-4% all-in sales growth and 3-5% organic sales growth. The company expects diluted EPS growth of 10-12% and core EPS growth of 5-7%. P&G anticipates a $200 million after-tax commodity cost headwind and neutral foreign exchange impact for fiscal 2025.
Old Spice, an NFL Official Locker Room Product, is revolutionizing freshness in football with its new Fiji Total Body Deodorant. The brand is partnering with Kay Adams, Flavor Flav, and Spice Adams to reveal the secrets of staying fresh in NFL piles on FanDuel's 'Up & Adams' show on October 10. Detroit Lions Running Back David Montgomery endorses the product's effectiveness in close-contact situations.
Old Spice Total Body Deodorant offers 24/7 pits to toes freshness and is available in three forms: spray, cream, and stick. The brand is also collaborating with NFL stars Jared Goff, Frank Ragnow, Cam Jordan, and Mark Sanchez for promotional campaigns. The new Fiji Total Body Deodorant is available at major retailers for a suggested retail price of $12.99.
The Procter & Gamble Company (NYSE:PG) has declared a quarterly dividend of $1.0065 per share on its Common Stock and Series A and B ESOP Convertible Class A Preferred Stock. The dividend is payable on or after November 15, 2024 to shareholders of record as of October 18, 2024. This marks P&G's 134th consecutive year of paying dividends since its incorporation in 1890 and its 68th consecutive year of dividend increases.
Additionally, at the 2024 Annual Meeting of Shareholders, all 14 P&G Director nominees were elected with strong support, according to preliminary voting results. Final results will be reported on a Form 8-K filed with the SEC.
Procter & Gamble (NYSE: PG) has announced plans to webcast its 2024 Annual Meeting of Shareholders. The event will be held virtually on Tuesday, October 8, 2024, at 12:00 p.m. Eastern Time. Shareholders can access the live audio webcast at www.virtualshareholdermeeting.com/PG2024.
Media and investors can join the webcast starting at 11:45 a.m., approximately 15 minutes before the meeting begins. A replay of the webcast will be available after the event. For details on meeting business and shareholder voting, interested parties can refer to P&G's Notice of Annual Meeting and Proxy Statement, available at www.pginvestor.com.
The Procter & Gamble Company (NYSE:PG) has announced it will webcast a discussion of its first quarter earnings results for the fiscal year 2024/2025. The event is scheduled for Friday, October 18, 2024, starting at 8:30 a.m. ET. Media and investors can access the live audio webcast at www.pginvestor.com. For those unable to attend the live event, P&G has confirmed that a replay of the webcast will be available on the same platform.
Jennifer Hudson has partnered with Dawn dish soap and its iconic ducklings to promote the brand's grease-fighting power and support wildlife conservation. The collaboration highlights Dawn's effectiveness in cleaning both kitchen dishes and oil-covered wildlife. For a time, consumers can download a $1 coupon for Dawn Platinum EZ-Squeeze, and Dawn will donate $1 to International Bird Rescue, up to $100,000.
The campaign emphasizes Dawn's 45-year partnership with International Bird Rescue, which uses the product to clean oil-affected birds. Hudson, an EGOT winner and wildlife enthusiast, stars in a new TV commercial and video showcasing the brand's dual benefits for households and wildlife. Dawn Platinum EZ-Squeeze is available nationwide, starting at $2.94 MSRP.
The Kroger Co. and Procter & Gamble have launched the third year of their Game Changers program in conjunction with the LPGA's Kroger Queen City Championship. This initiative aims to advance women in sports, business, and education. Key highlights include:
- Over 400 women supported since the program's inception
- Nearly $100,000 awarded in scholarships
- 260+ graduates from the leadership program, with 25% of corporate participants earning promotions
- 23 female students to receive $2,000 scholarships in 2024
- The LPGA tournament will run from September 19-22 at TPC River's Bend
The event will feature various fan activations and amenities sponsored by P&G brands, including a Pampers Family Center, Gillette Venus Junior Day, and multiple brand-sponsored areas in the Fan Zone.
Secret Deodorant, a Procter & Gamble brand, has partnered with Warner Bros. Pictures' Beetlejuice Beetlejuice for a unique marketing campaign. The collaboration features Secret's Whole Body Deodorant in the iconic Afterlife Waiting Room, showcasing its superior odor protection. The campaign includes a supernatural-themed commercial and an immersive experience in Los Angeles called Beetlejuice Beetlejuice: The Afterlife Experience.
Secret's Whole Body Deodorant collection offers aluminum-free products in three forms: stick, invisible cream, and spray. The line is designed for use beyond just underarms, providing odor protection for various body areas. Available in scents like peach & vanilla blossom and lilac & waterlily, the products are priced at a suggested retail of $12.99.
Downy, the #1 trusted fabric rinse for odor removal, has partnered with tennis champion Venus Williams to promote their Rinse & Refresh product. This laundry odor remover is designed to fight stubborn odors in just one wash, targeting sweat-soaked fabrics from workouts and sports. The campaign, called 'Rinse It Out', addresses the widespread issue of lingering odors in laundry, with one in three households reporting odor problems and 25% of consumers rewashing half their loads to eliminate smells.
Downy Rinse & Refresh is safe for all clothes and works by penetrating fibers to break down odor sources. The product is available in various scents, including Cool Cotton, Fresh Lavender, Ocean Mist, and Active Fresh, with prices starting at $2.99. To promote the campaign, Downy is hosting a pop-up event in New York City's Flatiron Plaza on September 4-5, offering product samples and interactive experiences.
Procter & Gamble's (NYSE:PG) Chief Financial Officer, Andre Schulten, is set to speak at the Barclays Global Consumer Staples Conference on September 5, 2024, at 8:15 A.M. ET. This significant event for investors and media will be accessible via a live audio webcast on P&G's investor relations website, www.pginvestor.com. For those unable to attend or listen live, a replay of the webcast will be made available on the same platform.
This presentation offers an opportunity for stakeholders to gain insights into P&G's financial strategy and performance directly from its CFO. The Barclays conference is a key event in the consumer staples sector, attracting attention from industry analysts and investors alike.
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