Procter & Gamble Stock Price, News & Analysis

P&G Ventures, the startup studio of Procter & Gamble (PG), is inviting entries for its upcoming Innovation Challenge. Entrepreneurs with tech-enabled FMCG products that enhance consumer lives can submit their ideas until November 22, 2021. Finalists will pitch in person at CES 2022 in Las Vegas, with one winner receiving $10,000 and a partnership opportunity with P&G Ventures. This year's challenge aims to spotlight innovations in various FMCG sectors, including non-toxic household products and daily wellness.

Gillette (NYSE: PG) announces the return of the Gillette Gaming Alliance for its fourth year, featuring a record roster of global streamers from 11 countries. The Alliance aims to engage fans through custom content, highlighting shaving routines and Gillette’s products like ProGlide and SkinGuard. This year, members will share content across multiple platforms including Twitch, YouTube, and TikTok. Gillette was also awarded 'Brand of the Year' at the Tempest Awards for its contributions to the esports community.

Braun has launched its latest grooming innovation, the Series 9 Pro, designed to provide exceptional precision and efficiency. Featuring the new ProLift Trimmer, this shaver can handle hair lengths from a 6-hour stubble to a 7-day beard, allowing flexibility in grooming. CEO Gary Coombe emphasizes that the Series 9 Pro is crafted for users who prioritize experiences over routine. Priced at $329.99, it is available now through Braun’s official website.

A recent Febreze survey reveals a significant gap in Americans' sanitization habits regarding soft surfaces in their homes. While 73% of respondents regularly sanitize hard surfaces, nearly 25% have never cleaned soft surfaces like sofas or rugs. Research indicates these surfaces can harbor more bacteria than toilets, highlighting the need for improved cleaning practices. Febreze aims to address this issue with its new Fabric Antimicrobial spray, which eliminates 99.9% of bacteria and helps prevent mold growth. The product is available at major retailers for $8.00.

Febreze's latest survey highlights that while 73% of Americans regularly sanitize hard surfaces, about 25% neglect soft surfaces like sofas and rugs. The survey indicates that many believe hard surfaces host more bacteria, despite findings that soft surfaces can harbor greater microbial loads. Febreze has introduced Fabric Antimicrobial, a spray that kills 99.9% of bacteria, eliminates odors, and prevents mold and mildew on soft surfaces. The product is priced at $8.00 and is available through major retailers.

Troy Polamalu, NFL legend and ambassador for Head & Shoulders, collaborates with Fiverr this season to provide creative services while promoting the brand's Scalp Shield Technology, which offers up to 100% dandruff protection. The campaign, launching October 21, showcases Polamalu's diverse talents, from hair care tips to music and design. Head & Shoulders has a long-standing reputation, being the world's #1 shampoo, used by 1.3 billion people. This partnership underscores the brand's commitment to consumer engagement and innovative marketing strategies.

Old Spice has launched its latest commercial, “Men Have Skin Too”, featuring Nia Long as a relationship therapist. The ad humorously addresses cohabiting couples who share grooming products, reflecting the relatable tensions that have arisen during the pandemic. A Wakefield Research study reveals that nearly 50% of women have borrowed their partner's grooming products in the past year. Old Spice continues to promote its Fresher Collection with new Fiji with Coconut Oil Hand & Body Lotion, aimed at dispelling the belief that men’s products lack quality.

The Procter & Gamble Company (NYSE:PG) reported first-quarter fiscal year 2022 net sales of $20.3 billion, up 5% year-over-year, with 4% organic sales growth. Diluted and Core EPS both stood at $1.61, a 1% decline from the previous year. The company maintained its fiscal year 2022 guidance, anticipating overall sales growth of 2-4% and GAAP EPS growth of 6-9%. Operating cash flow reached $4.6 billion. The quarter faced increased costs, impacting margins significantly.

P&G has successfully elected all 12 Directors, including newly appointed Christopher Kempczinski of McDonald's, with over 90% support from shareholders. This diverse Board aims to enhance P&G's strategic direction and growth amidst ongoing market challenges. The company declared a quarterly dividend of $0.8698 per share, affirming its commitment to shareholder returns. P&G has a 131-year history of dividend payments, increasing for 65 consecutive years, highlighting its financial stability.