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.
The Procter & Gamble Company reports consumer-products developments across a portfolio of household, beauty, personal care and health brands. News commonly covers product launches, limited-edition collections and marketing campaigns for brands such as Native, Secret, Olay, Metamucil, Pantene and Zevo.
Company updates also describe formula claims, retailer-exclusive assortments, category extensions and brand education in areas such as deodorant, body wash, skin care, hair care, fiber supplements and household pest control. P&G also references a broader global brand portfolio that includes Tide, Pampers, Gillette, Crest, Charmin, Dawn and Oral-B.
Crest is enhancing Halloween excitement with a special offer of up to $3 off on its best-selling toothpastes, including the new Crest Densify lineup. This promotion is available through select national retailers until October 30. As Halloween approaches, Crest aims to help families maintain oral health during the candy-filled festivities. Additionally, Olympian Shawn Johnson shares Halloween preparation tips, focusing on protecting teeth while enjoying treats. Crest, a leader in oral health, emphasizes fun and family engagement during the spooky season.
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%.
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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.
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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.