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.
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.
Always and Walmart partner with Olympic gymnast Laurie Hernandez to promote the importance of keeping girls in sports. They have donated $250,000 to the Women’s Sports Foundation (WSF), aiming to double this amount through a campaign where an additional $1 is donated for each view of the #KeepHerPlaying video, up to $250,000. This initiative addresses the decline of girls in sports at puberty, emphasizing the skills and confidence gained through sports participation. The program provides resources for parents and coaches to encourage girls to keep playing.
The Procter & Gamble Company (NYSE:PG) will hold a live webcast on January 20, 2021, at 8:30 a.m. ET to discuss its second quarter earnings results. Investors and media can access the live audio stream at www.pginvestor.com. The discussion will also be available for replay following the event. P&G boasts a strong portfolio of brands, serving consumers globally across approximately 70 countries.
Procter & Gamble (NYSE:PG) has announced a commitment to perform 2,021 acts of good in 2021, focusing on COVID-19 relief with contributions worth tens of millions in health products, PPE, and financial support. This initiative is part of their Lead with Love campaign, promoting community support and equality. Notable efforts include support for nonprofit organizations, Pampers' donations of educational resources, Always' provision of period products, and Pantene's advocacy for equality. The initiative reflects P&G's long-standing commitment to social responsibility and environmental sustainability.
P&G Ventures has announced the four finalists for the 2021 CES Innovation Challenge, set to occur virtually at CES 2021. The finalists include Fluo Labs, Glimpse Diagnostics, SAVRPak, and spotLESS Materials, each presenting innovative solutions for consumer needs. The winner will receive $10,000 and opportunities for mentorship and collaboration with P&G Ventures. Despite the ongoing pandemic, P&G remains committed to supporting entrepreneurs. The Challenge will be available for public viewing through registration on Eventbrite until January 13, 2021.
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