Feb. 11, 2014, 4:24 PM
- Citing forex volatility in Venezuela, Argentina, Turkey, and elsewhere, Procter & Gamble (PG) is lowering its FY14 (ends in June) revenue growth guidance range to 0%-2% from a prior 1%-2%, and its core EPS growth guidance range to 3%-5% from 5%-7%. (PR)
- Excluding forex, P&G still expects 3%-4% organic revenue growth and 12%-14% core EPS growth in FY14.
- P&G also says it expects to incur a $230M-$280M ($0.08-$0.10/share) charge due to the impact of Venezuelan government currency policy changes on the company's local balance sheet.
Feb. 11, 2014, 1:42 PM| Feb. 11, 2014, 1:42 PM | 5 Comments
Jan. 29, 2014, 10:01 AM
- Consumer-facing multinationals with a focus on emerging markets are falling at a faster clip than market averages in early trading.
- Decliners: Procter & Gamble (PG) -2%, Colgate-Palmolive (CL) -2.0%, Campbell Soup (CPB) -2.8%, Mondelez International (MDLZ) -2.2%, Unilver (UL) -2.1%, Avon Product (AVP) -2.6%, Coty (COTY) -2.2%, Kellogg (K) -2.3%, Avon Products (AVP) -2.6%
Jan. 24, 2014, 1:41 PM
- Execs with Procter & Gamble (PG +2.7%) highlighted the consistent demand the multinational saw across global markets and notes late-quarter strength sets up FQ3 for solid organic sales growth.
- An important note is that profits are growing at a faster rate than sales on a constant currency basis in developing markets. Russia, China, and Brazil should see even more margin accretion as innovation and local manufacturing contributes.
- The company expects to make share repurchases of between $4B and $5B this year.
- Good news on the diaper front: P&G's market share for diapers rose 150 bps over the last year in the U.S.
- Earnings call transcript
Jan. 24, 2014, 7:16 AM
- Procter & Gamble (PG) reports organic sales grew 3% during FQ2 on broad volume gains across segments which helped offset an unfavorable foreign exchange translation.
- Segment sales growth: Beauty -2%; Grooming flat; Health Care +4%; Fabric Care/Home Care 1%; Baby/Feminine/Family Care +1%.
- No segment saw average prices drop, while Grooming saw the largest gain at 3%.
- The company's gross margin rate fell 90 bps due to high commodity costs, foreign exchange, and product mix.
- SG&A expenses were 3% lower during the period.
- FY14 guidance is reiterated.
- PG -0.1% premarket
Jan. 24, 2014, 7:01 AM
Jan. 24, 2014, 12:05 AM
Jan. 23, 2014, 5:30 PM
Jan. 14, 2014, 1:05 PM
Jan. 8, 2014, 10:56 AM
- Shares of Procter & Gamble (PG -1.4%) trail market averages without any specific news out on the company.
- Investors could be a tad skittish after L'Oreal (LRLCF) announced earlier today that it decided to exit China with one its major business lines. That development, coupled with Revlon's (REV +0.4%) mass withdrawal from China last week on the same fears of heightened local competition, raises the question of how P&G will fare in China.
- The company disclosed last year that it was losing market share in the skincare business.
- A trip into China hasn't been the best of times for all consumer products sellers that have entered the giant market. Just ask Avon Products (AVP -0.2%).
Dec. 9, 2013, 3:13 PM
- Growth rates for shaving products are down as the fashionable trend by men of keeping some stubble around wreaks havoc on what's supposed to be an easy industry to forecast demand.
- Energizer (ENR +1.2%), Unilever (UL +0.3%), and Procter & Gamble (PG +0.3%) have cut back on R&D spending in response to the consumer shift and are competing harder at the premium razor price points.
Dec. 6, 2013, 10:03 AM
- Consumer staples stocks are getting some run out of a positive read on consumer sentiment and an improvement in the unemployment rate in the U.S. The group is outpacing broader market averages in early action.
- Advancers: Clorox (CLX) +2.2%, Procter & Gamble (PG) +2.0%, Energizer (ENR) +1.9%, Unilever (UL) +1.3%, Colgate-Palmolive (CL) +1.3%, Kimberly Clark (KMB) +1.1%, Avon Products (AVP) +1.0%.
- Related ETFs: XLP, VDC, FXG, RHS, PSL, PSCC, FSTA
Dec. 2, 2013, 7:50 AM
- Unilever (UL) CEO Paul Polmon says he expects the slowdown in emerging markets to last for several years as needed structural reforms in those nations are pushed through.
- The frank assessment counters some bullish theories on what the near future will look like for Unilever and Procter & Gamble (PG).
- UL -1.2% premarket.
Nov. 25, 2013, 4:03 PM
- The most popular shorts according to Goldman's Hedge Fund Monitor which analyzes the positions of 783 funds with $1.6T in assets (in reverse order, i.e. the last in this list is the most heavily shorted): SYY, KO, TGT, BMY, SNDK, UPS, SLB, GE, CVX, PFE, CAT, COP, EMC, PG, NFLX, WMT, JNJ, DIS, CRM, VZ, IBM, XOM, T, GILD, INTC.
- A quick scan finds Netflix making both the top 25 list of most heavily shorted and the top 20 list of most concentrated longs. List of 20 longs is here.
Nov. 14, 2013, 2:48 PM| Nov. 14, 2013, 2:48 PM | 13 Comments
Nov. 11, 2013, 4:55 AM
- Alibaba expects to sell 30B renminbi ($5B) worth of goods today in celebration of "Singles Day" in China, which the online giant has managed to turn into by far the world's largest e-commerce discount event, even surpassing Cyber Monday in the U.S.
- Major foreign multinationals have also been participating in the celebration - or lamentation - of "singlehood" by offering notable online bargains, including Nike (NKE), Adidas (ADDDF), Procter & Gamble (PG), Unilever (UL) and Samsung (SSNLF, SSNGY).
- And why is it called singles day? Because November 11, or 11/11, has four 1s, or singles.
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.
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