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The Procter & Gamble Company (PG)

  • Wed, Mar. 18, 2:00 PM
    • Bank of America Merrill Lynch says Procter & Gamble's (PG -0.5%) move to sell off some beauty brands is a "logical decision" with its core business model focused on other categories.
    • Analysts with BAML aren't the first to note the powerful impact on margins from the trend of consumers buying more beauty products online.
    • Companies such as Sephora and Ulta Salon have seen significant growth in online sales at the expense of traditional CPG channels.
    • Previously: Bloomberg: Procter & Gamble weighing which beauty brands will go (March 16)
    • Related: Another e-commerce win for Ulta Salon (March 13)
    | Wed, Mar. 18, 2:00 PM | 2 Comments
  • Mon, Mar. 16, 10:52 AM
    • Procter & Gamble (PG +2.1%) is sorting through which beauty products it will sell or separate from the company through an IPO, sources tell Bloomberg.
    • The company initiated a process last year to become leaner by shedding under-performing brands.
    | Mon, Mar. 16, 10:52 AM | Comment!
  • Mon, Mar. 16, 7:10 AM
    • Wal-Mart (NYSE:WMT) is giving more exposure on its shelves in U.S. stores to higher-end detergent Henkel in a move which will consumers more choices in the category.
    • Tide's dominant position in the U.S. has given Procter & Gamble (NYSE:PG) a fair amount of pricing power - even with the dominant retail giant from Bentonville.
    • Persil is a premium detergent brand owned by Henkel (OTCPK:HENKY, OTC:HELKF).
    | Mon, Mar. 16, 7:10 AM | Comment!
  • Tue, Mar. 10, 8:05 AM
    • Procter & Gamble (NYSE:PG) has been fined $958K by authorities in China over advertising deemed misleading.
    • The Shanghai Municipal Administration of Industry and Commerce took issue with local Crest advertising that aired last year.
    • Analysts expect little to no impact on Crest sales due to the development, although P&G marketing claims in China are likely to become more cautious.
    | Tue, Mar. 10, 8:05 AM | 8 Comments
  • Mon, Mar. 2, 8:14 AM
    • Credit Suisse is out with a positive note on Procter & Gamble (NYSE:PG).
    • The investment firm says strategic initiatives are on track at the multinational.
    • Procter & Gamble is on a dual track of shedding unprofitable businesses and weaning extra expenses out of mainstay units.
    • CS has an Outperform rating and $105 price target on P&G.
    • PG +0.2% premarket.
    | Mon, Mar. 2, 8:14 AM | 4 Comments
  • Fri, Feb. 27, 11:31 AM
    • Factset has compiled a list of the most popular holdings of hedge funds at the end of Q4 and which stocks fell in or out of favor within the group.
    • Overall, hedge funds increased their positions in the top 50 holdings during the quarter by 1%.
    • Top 50 hedge fund consumer staples/discretionary stocks showing an increase: Family Dollar (NYSE:FDO) +1.3%, PepsiCo (NYSE:PEP) +20.3%, Priceline Group (NASDAQ:PCLN) +24.2%, Delta Air Lines (NYSE:DAL) +15.3%.
    • Top 50 hedge fund consumer staples/discretionary stocks showing a decrease: Mastercard (NYSE:MA) -4.2%, Walgreen Boots Alliance (NASDAQ:WBA) -1.3%, Dollar General (NYSE:DG) -11.6%, Mondelez International (NASDAQ:MDLZ) -0.9%.
    • Another way to look at the list is to examine which stocks are missing. Coca-Cola (NYSE:KO), Wal-Mart (NYSE:WMT), and Procter & Gamble (NYSE:PG) are in that club.
    • Factset's hedge fund ownership report (.pdf)
    | Fri, Feb. 27, 11:31 AM | 16 Comments
  • Tue, Feb. 24, 8:41 AM
    • Strong demand at Home Depot and Lowe's as consumers boost their home improvement spending sets up suppliers for a Q1 boost.
    • A higher mix of domestic sales can also help select companies withstand the impact of F/X translation to U.S. dollars for their global business.
    • Previously: Home Depot and Lowe's higher after strong read on HD traffic (Feb. 24 2015)
    • Home Depot-watching: SWK, SPB, ENR, PG, TTC, OC, WHR,
    | Tue, Feb. 24, 8:41 AM | 2 Comments
  • Thu, Feb. 19, 12:52 PM
    • Procter & Gamble (PG -1.1%) gave some insight into its brand-shedding plan during a presentation at the CAGNY conference.
    • The company expects to unload most of the 100 brands it has targeted to be sold by the end of this summer.
    • "We hope by July to turn all the cards over," noted CEO A.G. Lafley.
    • The divestitures are expected to lop off $11B from P&G's annual sales and leave it with 70 core brands.
    • P&G CAGNY webcast
    | Thu, Feb. 19, 12:52 PM | Comment!
  • Tue, Jan. 27, 1:45 PM
    • Discussion on foreign currency dominated the Procter & Gamble (PG -3.7%) earnings call today.
    • "This is the most significant fiscal year currency impact we have ever incurred,"P&G CFO Jon Moeller noted.
    • More than two-thirds of the $1.4B foreign currency translation loss it expects to take this year will come from just six nations - Russia, Japan, Ukraine, Venezuela, Argentina, and Switzerland.
    • The company plans to increase local manufacturing capabilities as a measure against having to take sustained dollar conversion losses.
    • On the positive side from the call, P&G notes it will see a $600M benefit from lower oil prices and has thinks it has the ability to keep raising prices in certain categories.
    • Earnings call webcast
    | Tue, Jan. 27, 1:45 PM | 3 Comments
  • Tue, Jan. 27, 7:25 AM
    • Procter & Gamble (NYSE:PG) reports organic sales rose 2% in Q4.
    • The company cited an "unprecedented" impact from foreign exchange rates which cut into growth by 5%.
    • Volume was flat during the quarter for P&G, while pricing was up 1%.
    • Gross margin flat -40 bps to 50.0%.
    • Operating margin -80 bps to 19.6%.
    • SG&A expense ratio +40 bps to 30.4%.
    • Segment organic sales growth: Beauty/Hair/Personal Care -1%, Grooming +2%, Health Care +1%, Fabric Care/Home Care +3%, Baby/Feminine +4%.
    • Guidance: P&G expects foreign exchange swings will cut into FY15 sales by 5% and net earnings by 12%. Sales growth forecast to be -3% to -4% Y/Y.
    • PG -1.9% premarket
    | Tue, Jan. 27, 7:25 AM | 2 Comments
  • Tue, Jan. 27, 7:08 AM
    • Procter & Gamble (NYSE:PG): FQ2 EPS of $1.06 misses by $0.07.
    • Revenue of $20.16B (-4.4% Y/Y) misses by $460M.
    • Press Release
    | Tue, Jan. 27, 7:08 AM | Comment!
  • Mon, Jan. 26, 5:30 PM
  • Wed, Jan. 21, 6:44 PM
    • Procter & Gamble (NYSE:PG) has broadened the responsibilities of senior exec David Taylor, the company's chief of global health and grooming, making him a front-runner to eventually succeed CEO A.G. Lafley.
    • Taylor will take over PG's troubled global beauty unit, effectively giving him control of businesses that generate more than 40% of the company’s revenue.
    • The beauty business was the weakest of PG’s five main operating units in the fiscal year that ended in June, with sales falling 2% and the only unit to post a decline; sales fell 1% in the September quarter.
    • However, PG did not give Taylor a title that could more firmly establish an executive as next in line to be CEO, indicating he still has work to do to secure the job.
    • The former head of the beauty business, Deb Henretta, will move to a newly created role overseeing the global online business; she was among a small pool of contenders to succeed the 67-year-old Lafley, but the changes suggest she may be out of the running.
    | Wed, Jan. 21, 6:44 PM | Comment!
  • Wed, Jan. 21, 1:00 PM
    • Dish Networks (DISH -0.2%) won a significant court battle in L.A. against Fox Broadcasting over the company's Dish Anywhere app.
    • The ruling from a federal judge applied some of the principles from the Supreme Court's look at the Aereo case.
    • The opinion from the court indicated that watching content on mobile devices and tablets through Dish Anywhere doesn't qualify as a breach of copyright law.
    • The use of Dish's PrimeTime Anytime and AutoHop features were also deemed as fair use.
    • Many programmers seemed to have anticipated the legal decision and already negotiated with Dish to disable ad-skipping for a period of time after a show airs.
    • The ruling is sure to have been noticed on Madison Avenue where the largest (and smarter?) ad spenders continue to increase digital spending over broadcast/cable TV buys.
    • Big advertisers: MCD, PG, BUD, WMT, TGT, K, GIS, TM, GM.
    • Programmers: CBS, TWX, FOXA, SNI, AMCX, VIA , VIAB, DISCA.
    | Wed, Jan. 21, 1:00 PM | 6 Comments
  • Tue, Jan. 13, 4:22 PM
    • Procter & Gamble (NYSE:PG) declares $0.6436/share quarterly dividend, in line with prior.
    • Forward yield 2.85%
    • Payable Feb. 17; for shareholders of record Jan 23; ex-div Jan 21.
    | Tue, Jan. 13, 4:22 PM | 13 Comments
  • Fri, Jan. 9, 9:48 AM
    • Procter & Gamble (NYSE:PG) will report FQ2 results on Jan. 27.
    • The conference call is scheduled to begin at 8.30 a.m. ET.
    • Consensus view is EPS of $1.18 on revenues of $21.37B.
    | Fri, Jan. 9, 9:48 AM | Comment!
Company Description
Procter & Gamble Co provides consumer packaged goods. It markets its products in about 180 countries through mass merchandisers, grocery stores, membership club stores, drug stores, department stores among others.