The Procter & Gamble CompanyNYSE
Tue, Oct. 25, 7:17 AM
- Organic sales were up 3% at Procter & Gamble (NYSE:PG) on flat overall sales during FQ1.
- Volume by segment: Beauty -2%, Grooming flat, Health Care +5%, Fabric & Home Care +2%, Baby/Feminine/Family Care +3%.
- F/X impact by segment: Beauty -2%, Grooming -3%, Health Care -3%%, Fabric & Home Care -2%, Baby/Feminine/Family Care -3%.
- Pricing impact by segment: Beauty +1%, Grooming +1%, Health Care +1%, Fabric & Home Care -1%, Baby/Feminine/Family Care -1%.
- P&G's reported gross margin rate was down 30 bps during the quarter, while core gross margin was up 130 bps on a F/X-neutral basis. Productivity gains factored kicked in during the quarter to help lead to the EPS beat. Core SG&A as a percentage of sales were 40 bps higher, including 30 bps of unfavorable F/X swings.
- Procter & Gamble backs prior guidance for organic sales growth of 2% in FY17. The company sees FY17 EPS growth in the mid-single digits.
- Previously: Procter & Gamble beats by $0.05, beats on revenue (Oct. 25)
- PGH +1.43% premarket to $85.30.
Tue, Oct. 25, 7:00 AM
Mon, Oct. 24, 5:30 PM
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Fri, Oct. 21, 8:44 AM
- Shareholders with Procter & Gamble (NYSE:PG) need to stay alert on November 18 after the company scheduled a meeting with analysts for that date.
- CEO David Taylor and CFO Jon Moeller are both due to present an update on strategy.
- While P&G is due to report earnings on October 25 before the November event, the company has used its analysts meetings in the past for some announcements on strategy resets.
- The focus on Procter & Gamble is the impact of its brand-shedding plan and organic growth projections.
- Shares of P&G are almost unchanged over the last 90 days.
Mon, Oct. 17, 9:01 AM
- Procter & Gamble (NYSE:PG) announces a tender offer to purchase up to $1.25B in cash of a number of debt securities from holders.
- The company says the purpose of the large tender offer is to reduce its debt load and improve the efficiency of P&G’s capital structure.
- PG +0.08% premarket to $88.50.
- Source: Press Release
Wed, Oct. 12, 8:14 AM
- Argus Research boosts its rating on Procter & Gamble (NYSE:PG) to a Buy rating from Hold.
- P&G's plan to shed underperforming businesses has slowly brought more investment firms in with positive ratings.
- There are now 14 Buy ratings out on the consumer goods giant, compared to 9 Hold ratings and no Sells.
- Shares of Procter & Gamble have tiptoed over $90 twice in the last six weeks before falling back. The Street high PT on the stock is $105 from B. Riley.
- P&G is due to report Q3 earnings on October 25.
Tue, Oct. 11, 10:18 AM
Mon, Oct. 3, 10:47 AM
- September monthly performance was: +0.2%
- 52-week performance vs. the S&P 500 is: +7%
- $0.21 in dividends were paid in September
- Top 10 Holdings as of 8/31/2016: AT&T Inc (T): 5.38068%, Exxon Mobil Corp (XOM): 5.11766%, Verizon Communications Inc (VZ): 4.15514%, Chevron Corp (CVX): 3.62745%, General Electric Co (GE): 3.46929%, Procter & Gamble Co (PG): 3.13406%, Wal-Mart Stores Inc (WMT): 2.92688%, Pfizer Inc (PFE): 2.90452%, Philip Morris International Inc (PM): 2.83223%, Merck & Co Inc (MRK): 2.39541%
Mon, Oct. 3, 9:47 AM
- September monthly performance was: -0.52%
- 52-week performance vs. the S&P 500 is: -11%
- $0.16 in dividends were paid in September
- Top 10 Holdings as of 8/31/2016: Apple Inc (AAPL): 5.01757%, Microsoft Corp (MSFT): 4.59213%, Exxon Mobil Corp (XOM): 3.65506%, Johnson & Johnson (JNJ): 3.32616%, General Electric Co (GE): 2.90192%, Procter & Gamble Co (PG): 2.3854%, Wells Fargo & Co (WFC): 2.34646%, Pfizer Inc (PFE): 2.17377%, JPMorgan Chase & Co (JPM): 2.08563%, Amazon.com Inc (AMZN): 2.02582%
Mon, Oct. 3, 9:10 AM
- September monthly performance was: +0.58%
- 52-week performance vs. the S&P 500 is: -9%
- $0.23 in dividends were paid in September
- Top 10 Holdings as of 8/31/2016: Apple Inc (AAPL): 3.96271%, Microsoft Corp (MSFT): 3.09853%, Johnson & Johnson (JNJ): 2.24259%, General Electric Co (GE): 1.95493%, Exxon Mobil Corp (XOM): 1.64204%, Procter & Gamble Co (PG): 1.33805%, Wells Fargo & Co (WFC): 1.31607%, Pfizer Inc (PFE): 1.21901%, Nestle SA (OTCPK:NSRGF): 1.15897%, Intel Corp (INTC): 1.14963%
Thu, Sep. 15, 5:01 AM
- The American Beverage Association is suing to block Philadelphia's soft drinks tax, marking the latest clash between the soda industry and public officials seeking to boost revenue and combat health risks.
- In June, Philly became the largest U.S. city to approve a volume-based tax of 1.5%-per-ounce on sugar sweetened beverages.
- Voters in San Francisco and at least three other places will vote in November on whether to impose similar levies.
- Related stocks: KO, PEP, DPS, MNST, FIZZ, SBUX, UL, PG
Wed, Sep. 14, 12:59 PM
- Procter & Gamble (PG +0.6%) hired a former top executive at Mondelez International to serve as its global marketing director.
- Gerry D'Angelo will handle what is reported by Advertising Age to be the world's largest media budget. The exec will report to Doreen Bayliff, Procter's VP-worldwide brand operations.
- The hire is notable because of P&G's penchant for typically hiring from within its own ranks.
Mon, Sep. 12, 1:45 PM
- Procter & Gamble (PG +1.6%) and Coty (COTY +1.2%) are finalizing terms on their beauty asset deal that covers 43 brands, reports CFTN.
- P&G shareholders will have the option to swap into Coty shares for as much as a 7% discount under the terms of the Reverse Morris Trust transaction.
- The addition of the beauty assets is expected to generate cost savings of $750M for Coty and adds $0.48 in EPS through the fourth year after closing.
- CTFN notes that Coty may be added to the S&P 500 Index in the short term due to its extra bulk.
Tue, Sep. 6, 11:40 AM
- August monthly performance was: -1.5%
- 52-week performance vs. the S&P 500 is: +9%
- $0.18 in dividends were paid in August
- Top 10 Holdings as of 7/29/2016: AT&T Inc (T): 5.5853%, Exxon Mobil Corp (XOM): 5.12068%, Verizon Communications Inc (VZ): 4.31268%, Chevron Corp (CVX): 3.62281%, General Electric Co (GE): 3.38972%, Pfizer Inc (PFE): 3.01797%, Procter & Gamble Co (PG): 3.0115%, Wal-Mart Stores Inc (WMT): 2.93033%, Philip Morris International Inc (PM): 2.78531%, International Business Machines Corp (IBM): 2.28424%
Thu, Sep. 1, 2:20 PM
- Procter & Gamble (PG +0.9%) announces it began its exchange offer for the separation of its specialty beauty brands which include global fine fragrances, salon professional, cosmetics and retail hair color businesses, and select hair styling brands.
- The move comes ahead of the proposed Reverse Morris Trust transaction with Coty Inc.
- Shareholders have some options with the Coty sale, described in detail in a P&G press release.
Tue, Aug. 23, 11:57 AM
- Shares of Edgewell Personal Care (EPC -0.7%) move lower after Procter & Gamble (PG +0.6%) subsidiary Gillette files a lawsuit against the company alleging false advertising and deceptive acts.
- The case centers on claims about Edgewell 3-bladed private label razor products and Gillette's own Mach3 line.
- The razor business is already in a state of disruption after Unilever's purchase of Dollar Shave Club earlier this summer.
- Gillette press release