Procter & Gamble Stock Price, News & Analysis

Pampers, part of Procter & Gamble, has launched new Easy Ups Training Underwear featuring Peppa Pig prints, available exclusively at Walmart. The collaboration aims to support parents during potty-training, making the process engaging for toddlers. Easy Ups are designed for leak protection, comfort, and easy removal, and they enable children to feel empowered while potty-training. This limited edition product coincides with Walmart's Baby Days event, taking place from February 15 to March 31, 2023, offering further savings on baby products. The partnership reinforces Pampers' commitment to innovative solutions for families.

Procter & Gamble has launched its much-anticipated 2023 Scent of the Year, Mountain, through its Febreze brand. This sophisticated fragrance aims to connect consumers with nature, featuring notes of alpine, wildflowers, and cedar. The scent reflects a growing consumer focus on wellness and mindfulness, offering a calming atmosphere in homes. Available nationwide, the product's MSRP ranges from $4.49 to $6.49. Febreze continues to innovate, catering to consumer preferences in home scenting.

Procter & Gamble (PG) has launched Home Eq[uity], an educational initiative aimed at closing the chore gap in North America by addressing the gendered division of household labor. Developed in collaboration with Hello Sunshine and Fair Play, this program provides a free curriculum for teachers and families, focusing on equitable distribution of household tasks. The initiative supports the ongoing conversation about gender equality in domestic responsibilities, inspired by P&G's 2021 campaign. With high engagement on social media platforms, Home Eq[uity] seeks to empower the next generation in sharing household duties.

The Procter & Gamble Company (NYSE:PG) reported second quarter fiscal year 2023 net sales of $20.8 billion, a 1% decline year-over-year, while organic sales grew by 5%. Diluted EPS decreased 4% to $1.59. Operating cash flow stood at $3.6 billion, and net earnings totaled $4.0 billion. P&G raised its fiscal year sales growth outlook, now estimating a sales decline of 1% to flat against the previous year, up from a prior estimate of a 3% to 1% decline. However, foreign exchange remains a significant headwind, impacting sales by 5%. The company is navigating cost challenges but maintains guidance for EPS growth between flat to 4% compared to fiscal 2022.

Flashlight Capital Partners, a significant shareholder of KT&G, has proposed several key initiatives for the company's 2023 Annual General Meeting. These include the election of two experienced executives to the Board, a spin-off of KT&G’s Ginseng Business, a dividend issuance of KRW 10,000 per share, and an increase in the share repurchase program. The candidates, Suk Yong Cha and Ou Jin Hwang, bring extensive leadership experience, with Cha previously leading LG H&H and Hwang as former CEO of Prudential Life Korea, known for substantial revenue growth. These proposals aim to enhance governance and drive shareholder value.

P&G Beauty and Mielle Organics have announced a partnership aimed at expanding access to hair care products specifically for Black women. Both companies commit $10 million each to Mielle Cares Charity, which focuses on education and economic opportunities in Black and Brown communities. This collaboration will allow Mielle to continue operating as an independent subsidiary and enhance its reach and innovation in the market. With Mielle's recent growth and funding, this partnership is positioned to serve more consumers and strengthen community investments.

The Procter & Gamble Company (NYSE:PG) declared a quarterly dividend of $0.9133 per share, payable on or after February 15, 2023. Shareholders of record on January 20, 2023 will receive this dividend, marking 132 consecutive years of dividend payments and a 66-year streak of increases. This commitment highlights P&G's focus on returning cash to shareholders who depend on the reliable income from their investments.

Cascade, America's leading dishwasher detergent brand, has launched Cascade Platinum Plus, a patented cleaning formula that eliminates the need for extra steps like prewashing and rewashing dishes. Designed to address consumer frustrations, this new product includes 50% more protein-fighting enzymes and significantly enhances grease removal power. A recent survey highlighted that many Americans still perform unnecessary prewashing, showing a clear demand for a more efficient solution. Cascade is encouraging users to try this product with a money-back guarantee and a promotional giveaway of 10 million ActionPacs.

The Procter & Gamble Company (NYSE:PG) will host a webcast on its second quarter earnings results on January 19, 2023 at 8:30 a.m. ET. Investors and media can access the live audio webcast through www.pginvestor.com. The session will also be available for replay post-event. P&G continues to strengthen its position with a robust portfolio of leading brands across multiple categories, serving consumers in approximately 70 countries globally.