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 (NYSE: PG) maintains its position as a global leader in consumer goods through iconic brands like Tide, Pampers, and Gillette. This news hub provides investors and stakeholders with essential updates about PG's financial performance, product innovations, and corporate strategies.
Access curated press releases, earnings call transcripts, and analysis of PG's market movements. Our collection focuses on operational developments including product launches, sustainability initiatives, and leadership updates that shape this consumer staples giant's trajectory.
Key resources include quarterly financial disclosures, regulatory filings, and strategic partnership announcements. Track PG's progress in key markets through verified updates about supply chain enhancements and brand portfolio optimization efforts.
Bookmark this page for streamlined access to PG's latest corporate communications. Combine these primary sources with broader market analysis to inform your understanding of this Dividend Aristocrat's evolving position in the consumer goods sector.
The Procter & Gamble Company (NYSE:PG) reported Q1 FY 2023 net sales of $20.6 billion, up 1% year-over-year, with organic sales increasing 7%. Despite this growth, diluted EPS fell 2% to $1.57. The company maintains its fiscal 2023 organic sales growth guidance of 3-5% but reduced all-in sales guidance to down 3-1%. Headwinds include $3.9 billion in after-tax costs due to foreign exchange and higher commodity prices. Operating cash flow was robust at $4.1 billion, with a free cash flow productivity of 86%.
The Procter & Gamble Company (NYSE:PG) has received an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase up to 1,000,000 shares at $118.63 each, which is about 4.54% lower than the last closing price of $124.27 on October 7, 2022. P&G advises shareholders not to tender their shares, citing the offer's below-market price and the lack of investor protections typical of larger tender offers. The company emphasizes that it is not associated with TRC Capital and urges shareholders to consult market quotes and financial advisors before acting.
Procter & Gamble (NYSE: PG) announced the election of Rajesh Subramaniam, President and CEO of FedEx, to its Board of Directors during the 2022 Annual Meeting, receiving over 90% support from shareholders. The board now consists of 11 members, including 45% women and 45% multicultural individuals, showcasing strong diversity. Additionally, P&G declared a quarterly dividend of $0.9133 per share, payable on or after November 15, 2022, to shareholders of record by October 21, 2022. P&G has a long-standing record of 132 consecutive years of dividend payments and 66 consecutive years of increases.
Always has launched the first-ever team of “50 Period Heroes” to combat period poverty in the U.S., distributing over 3.5 million menstrual products. This initiative aims to support young people facing challenges in accessing period products, which can hinder their educational opportunities. The program, inspired by local efforts to address this issue, underscores a commitment to providing resources and raising awareness. Since 2018, Always has donated over 160 million products globally, signaling a broader initiative to tackle systemic challenges related to period poverty.
The Procter & Gamble Company (NYSE: PG) will hold its 2022 Annual Meeting of Shareholders virtually on October 11, 2022, at 12:00 p.m. Eastern Time. Jon R. Moeller, President and CEO, will lead the meeting, which can be accessed via a live webcast starting at 11:45 a.m. on the same day. Shareholders can access the meeting and related information through this link. The meeting's agenda includes shareholder votes, and details are available in P&G’s proxy statement.
Procter & Gamble (NYSE: PG) has deployed Tide Loads of Hope mobile laundry units to assist families affected by Hurricane Ian in southwest Florida. Starting October 4, these units will provide free laundry services and personal care kits at Walmart in North Fort Myers. Hurricane Ian, a Category 4 storm, devastated the region, leaving millions without power or clean water. Tide's initiative aims to support recovery efforts, reflecting the company's commitment to community aid as part of its Tide Ambition 2030 program, which seeks to expand its disaster relief efforts.
Tide, America’s top laundry detergent brand, has partnered with the NFL to encourage fans to wash their lucky jerseys this football season. A survey revealed that 73% of NFL fans believe their lucky jerseys help their team win, yet 52% keep how often they wash them a secret. Tide's campaign, featuring NFL stars like Davante Adams, incentivizes jersey washing with rewards such as autographed items and meet-and-greets. The contest runs from Sept. 15 to Oct. 23, 2022.
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