Procter & Gamble Stock Price, News & Analysis

Febreze has launched the CARstrology Collection, a unique line of 12 car scents designed in partnership with astrologer Aliza Kelly. Each scent corresponds to a zodiac sign, enhancing the driving experience by aligning scents with personalities. Available starting May 3, 2022, the collection includes scents like 'Febreze CAR Ember' for Aries and 'Febreze CAR Ocean' for Pisces. Limited edition zodiac-themed boxes will be given away during the promotion, which runs until May 31, 2022. The Febreze CAR vent clips provide customizable scent intensity, lasting up to 40 days.

Bounty Paper Towels has announced a partnership with Best Friends Animal Society to waive pet adoption fees for new pet owners during National Pet Month this May. Each adoption will allow Best Friends to save two additional animals in need. This initiative addresses the overcrowding issue in shelters, which is exacerbated by staffing shortages and other challenges, leading to an increased risk for at-risk pets. Katherine Schwarzenegger is also involved in promoting this campaign, highlighting the importance of pet adoption and rescue.

Tide and the World Wildlife Fund (WWF) have partnered to promote washing laundry in cold water, saving up to 90% energy and approximately $150 annually for consumers. This initiative aims to shift 3 in 4 laundry loads to cold by 2030, significantly impacting climate change. If successful, this switch could cut GHG emissions by 27 million metric tons over a decade. Currently, over 50% of laundry is done in cold water, highlighting progress toward this goal. Tide’s sustainability efforts are crucial, addressing both eco-habits and consumer behavior to create a lasting impact.

OLAY and Pantene have introduced personalized Boosters for skin and hair at Walmart. These products, available in-store and online, cater to individual consumer needs based on extensive research showing a demand for customized beauty solutions. The Boosters feature simple formulas free of parabens and mineral oil, enhancing daily routines with key ingredients. An online quiz helps consumers find suitable products. This launch represents a significant development in beauty customization, aiming to improve the shopping experience and meet changing consumer preferences.

The Procter & Gamble Company (NYSE:PG) reported a strong fiscal Q3 2022 with net sales up 7% year-over-year to $19.4 billion and organic sales up 10%. Diluted EPS rose 6% to $1.33. Operating cash flow stood at $3.2 billion, and the company returned over $3.4 billion to shareholders through dividends and stock repurchases. P&G raised its full-year sales growth outlook from 3-4% to 4-5% and maintained its EPS growth guidance of 6-9%. However, it expects significant headwinds from higher commodity and freight costs, with a total after-tax impact of approximately $3.2 billion affecting Q4 earnings.

Procter & Gamble (NYSE:PG) announced that Jon R. Moeller will serve as Chairman of the Board starting July 1, 2022, succeeding David Taylor, who is retiring. Moeller retains his position as President and CEO, having been integral to P&G’s leadership for over two decades. During Taylor's tenure, which spanned 40 years, he focused on balanced growth and completed significant organizational changes. Joseph Jimenez was reappointed as Lead Director of the Board. The leadership transition is expected to maintain P&G's momentum in delivering superior consumer products worldwide.

Dawn, North America's leading dish liquid, has announced new sustainability commitments aimed at protecting wildlife and promoting water conservation. Building on a 40-year partnership with organizations like International Bird Rescue and The Marine Mammal Center, Dawn aims to assist one million birds and marine mammals while inspiring individuals to become 'Wildlife Heroes'. Additionally, Dawn plans to reduce water usage in households by 25% by 2030 through product innovations and consumer education, emphasizing the importance of responsible dishwashing practices.

The Procter & Gamble Company (NYSE:PG) has announced an increased quarterly dividend of $0.9133 per share, reflecting a 5% increase from the previous quarter. This dividend will be payable on or after May 16, 2022, to shareholders on record as of April 22, 2022. This marks the 66th consecutive year of dividend increases and the 132nd consecutive year of dividend payments since 1890, underscoring P&G's commitment to returning cash to shareholders.