Procter & Gamble Company - PG STOCK NEWS

The Febreze Fade Defy PLUG^™ introduces innovative microchip technology to enhance air fresheners. It controls scent release based on temperature, ensuring a consistent fresh smell for up to 50 days. Designed with a dual-wick system, it alternates scents every 45 minutes to prevent users from becoming accustomed to them. A blue LED light indicates when refills are needed. Available for $5.49, the product targets high-traffic areas and aims to solve common scent fade complaints. Febreze continues to grow as a leading brand within Procter & Gamble’s portfolio.

Procter & Gamble launches the "Come Clean to Close the Chore Gap" campaign, promoting equality in household chores. Research indicates that 65% of households still assign most chores to one person, predominantly women, who spend over 100 hours more on chores than men annually. The initiative encourages family discussions about chores, resulting in 52% of couples feeling closer and 44% feeling respected. The campaign will feature a Super Bowl ad and aims to inspire families to share responsibilities, benefiting relationships and child development. For each commitment made, products will be donated to support families in need.

Procter & Gamble’s Home Care brands, Dawn and Swiffer, launched a campaign called “Come Clean to Close the Chore Gap,” addressing unequal household chore distribution. Research shows that 65% of households assign most chores to one person, predominantly women, who spend over 100 extra hours on chores compared to men. The campaign aims to inspire equitable sharing of chores, enhancing family dynamics. Notably, 52% of couples reported feeling closer due to shared responsibilities. For every commitment made on closethechoregap.com, products will be donated to families in need.

Old Spice launches its new campaign, “Smell Ready for Anything,” aimed at empowering men to embrace their potential. The campaign includes innovative ads and product releases featuring three cologne-quality scents: Dynasty, Sea Spray, and Royalty. In light of the pandemic's impact, especially on young adults, the brand focuses on boosting confidence and challenging self-criticism. Old Spice introduces enhanced products like Clinical Sweat Defense with 73-hour sweat protection and Hydrate with Aloe body wash, emphasizing long-lasting scents and hydration.

The Procter & Gamble Company (NYSE:PG) reported second quarter fiscal 2021 net sales of $19.7 billion, marking an 8% increase year-over-year. Diluted EPS rose 4% to $1.47, while core EPS surged 15% to $1.64. Operating cash flow was strong at $5.4 billion, and the company returned $5 billion to shareholders through dividends and stock repurchases. P&G raised its fiscal 2021 sales growth outlook to 5-6%, with GAAP EPS growth expected between 8-10%. Positive growth was reported across multiple segments, particularly in Home Care and Appliances.

Olay has announced a 10-year plan aimed at doubling the number of women and tripling women of color in STEM careers by 2030, addressing the existing STEM gap where women occupy only 24% of these roles. As part of this initiative, Olay is providing science kits to teachers to inspire interest in STEM among young girls, particularly during a crucial developmental phase. The kits include experiments, lab equipment for virtual learning, and motivational messages from women in STEM. Nominations for receiving these kits are open until January 15, and deliveries are scheduled for the week of February 8, coinciding with International Day of Women and Girls in Science.

The Procter & Gamble Company (NYSE:PG) has declared a quarterly dividend of $0.7907 per share on its Common Stock and Series A and B ESOP Convertible Class A Preferred Stock. The dividend is payable on or after February 16, 2021 for shareholders of record as of the close of business on January 22, 2021. P&G has maintained a consistent dividend payment for 130 years and has increased it for 64 consecutive years, reflecting the company's strong commitment to returning value to its shareholders.

At the 2021 Consumer Electronics Show, Oral-B introduced its innovative electric toothbrush, the Oral-B iO, designed for superior plaque removal and overall oral health. Located within P&G's LifeLab Everyday virtual platform, the iO utilizes advanced features like a unique round brush head, smart pressure sensors, and AI tracking to enhance user experience. Clinical tests showed users experienced 100% healthier gums in one week and 6 times more plaque removal than manual brushes. The initiative emphasizes the link between oral health and overall well-being, supported by a partnership with Scientific American.

Procter & Gamble's (PG) Oral Care division launches sustainability commitments under the platform "Healthy Smiles. Healthy Lives. Healthy Planet." focusing on enhancing oral health and environmental responsibility. The goal is to educate 2 billion people by 2030 on healthy habits while reducing plastic waste through innovations such as the Oral-B Clic toothbrush. Efforts include improving access to dental care, donating products, and making packaging 100% recyclable by 2025. The initiative aligns with P&G's broader sustainability objectives and aims to decrease greenhouse gas emissions by 2030.