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.
P&G's Bounty Paper Towels has partnered with the iconic Nathan’s Famous Fourth of July International Hot Dog Eating Contest for the 2021 event, marking its return to in-person audiences. Bounty will provide clean-up services, including a custom Bounty Cleaning Lounge for competitors to refresh post-event. The contest will air live on ESPN, with festivities starting at 11:15 am ET. Bounty, recognized for its superior absorbency, has been a leader in household clean-up for over 50 years, catering to various messes with its innovative products.
P&G Personal Health Care has launched Nervive, a dietary supplement lineup designed for holistic nerve care. This new product range includes Nervive Nerve Health, Nerve Relief, and Nerve Relief PM, targeting nerve discomfort experienced by many aging Americans. Formulated with B-Complex Vitamins and Alpha-Lipoic Acid, these supplements aim to improve nerve health and relieve occasional aches, with notable results reported in as little as two weeks. Nervive products are available online and nationwide, backed by over 50 years of expertise in nerve care.
Old Spice has launched the sequel to its acclaimed "Men Have Skin Too" campaign, featuring Patti LaBelle as the first "Old Spice Guy Mother-in-Law." The campaign humorously addresses cohabitation tensions while promoting the Fresher Collection, which includes anti-perspirants, lotions, and body washes enriched with skincare ingredients like shea butter and coconut oil. New survey results reveal that 49% of women have borrowed their partner's grooming products. Old Spice aims to meet rising demand for men's skincare, highlighting products that combine effective grooming with desirable fragrances.
P&G Ventures has revealed four finalists for its 2021 Innovation Challenge, set for July 14. Chosen from numerous applicants, these startups are addressing consumer issues in categories like active aging and non-toxic home products. The finalists include NanoSpun Technologies, One Skin, Ready, Set, Food!, and Wellesley Pharmaceuticals. The winner will receive a $10,000 prize and support to further develop their product. This initiative underscores P&G's commitment to innovation and collaboration within the consumer goods sector.
Tide has entered into a Space Act Agreement with NASA to develop laundry detergent solutions for use in space, aiming to address challenges faced during long-duration missions. Currently, astronauts must wear clothing multiple times due to limited resupply options. Tide's fully degradable detergent is designed for microgravity, focusing on safety and water purification. Onboard tests will begin with a 2022 cargo launch to the ISS. The collaboration aligns with Tide's Ambition 2030 sustainability goals, seeking resource efficiencies in laundry processes on Earth and in space.
Tide has entered a Space Act Agreement with NASA to develop laundry detergent solutions for use in space. This initiative allows NASA to test Tide's cleaning solutions, potentially leading to innovative environmental solutions for Earth.
The research will focus on addressing challenges faced during deep space missions, such as water scarcity and ingredient safety. Tide has designed a degradable detergent for microgravity conditions, with the first tests set for a 2022 ISS cargo launch.
The collaboration supports Tide's sustainability goals under Ambition 2030, emphasizing resource efficiency.
Gillette has requested the retraction of its press release titled “Professional Golfers Max Homa and Will Zalatoris Join Gillette Deodorant to Launch The 72 Club.” The press release, identified by NewsItemId: 20210617005195, was published in error. Gillette has indicated that a replacement press release will be issued at a later date to clarify the situation.
Gillette Deodorant (NYSE: PG) has launched The 72 Club, aimed at enhancing the golfing experience for players of all levels. Featuring professional golfers Max Homa and Will Zalatoris as ambassadors, this initiative supports amateur golfers through Nextgengolf's City Tour. The program promotes Gillette's 72-Hour Sweat Protection deodorant, helping golfers maintain freshness on the course. The season-ending City Tour Championship, sponsored by Gillette, is set for Sept. 4-5 at Whistling Straits. Caddies will also be highlighted through a partnership with The Caddie Network.
Tampax has launched the Flow It Scholarship program to address the underrepresentation of Black women in healthcare, where they make up less than 3% of U.S. doctors. Partnering with UNCF, the initiative aims to provide $200,000 annually for four years to assist Black students pursuing medical careers through 37 HBCU schools. This effort is part of Tampax's Flow it Forward project, which seeks to reduce racial disparities in healthcare access and education. The program will nominate rising juniors and seniors from HBCU healthcare programs for the scholarship.
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