Key Developments: Procter & Gamble Co (PG.N)
81.64USD
1 Aug 2013
$1.34 (+1.67%)
$80.30
$81.75
$82.23
$81.22
3,227,592
2,453,832
$82.54
$63.25
Latest Key Developments (Source: Significant Developments)
Procter & Gamble Co Issues FY 2014 Guidance
Procter & Gamble Co announced that for fiscal 2014, it expects organic sales growth in the range of 3% to 4% compared to underlying global market growth of about 3.5%. All-in sales growth is forecast in the range of 1%-2%, including a negative foreign exchange impact of approximately 2%. Core earnings per share are expected to grow in the range of 5% to 7%, equal to fiscal 2013 growth at the low end of the range and within the Company's long-term, annual growth objectives at the high end of the range. P&G noted that EPS growth estimates include a six percentage point negative impact from foreign exchange. Reported earnings per share are expected to grow in the range of 7% to 9%, reflecting somewhat lower non-core restructuring costs in fiscal year 2014 versus the prior year. The Company reported revenue of $84.2 billion and EPS of $3.86 in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $86 billion and EPS of $4.32 for fiscal 2014. Full Article
Procter & Gamble Co Announces Quarterly Dividend
Procter & Gamble Co announced that the Board of Directors of the Company has declared a quarterly dividend of $0.6015 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after August 15, 2013, to Common Stock shareholders of record at the close of business on July 19, 2013, and to Series A and Series B Preferred Stock shareholders of record at the start of business on July 19, 2013. Full Article
Procter & Gamble Co and Alexander McQueen Announce Fragrance License Agreement
Procter & Gamble Co announced that P&G Prestige has signed a contract to enter into a license agreement with Alexander McQueen to manufacture and sell designer fragrance products. Effective immediately, P&G will begin to develop and market fragrances under the Alexander McQueen brand name to expand their business into the fine fragrance category. Full Article
Procter & Gamble Co And Stella McCartney Announces Fragrance License Agreement
Procter & Gamble Company and Stella McCartney announced that P&G Prestige has signed a contract to enter into a license agreement with Stella McCartney to manufacture and sell designer fragrance products. Effective September 13, 2013, P&G will begin to develop and market new initiatives under the Stella McCartney brand name. Full Article
Procter & Gamble Co Organizes Businesses Under Four Units-Reuters
Reuters reported that Procter & Gamble Co said it will group its many businesses under four industry focused units, as part of a major restructuring announced last year. The four new units will be Global Baby, Feminine and Family Care; Global Beauty; Global Health and Grooming; and Global Fabric and Home Care. Full Article
Procter & Gamble Co To Regroup Products Into Four Sectors-Reuters
Reuters reported that Procter & Gamble Co is working to regroup its countless products and brands into four sectors, each led by a president reporting to chief executive A.G. Lafley the Wall Street Journal reported. P&G could not be immediately reached for comment outside of regular U.S. business hours. Full Article
A.G. Lafley Rejoins Procter & Gamble Co As Chairman, President And Chief Executive Officer
Procter & Gamble Co announced that Alan George "A.G." Lafley has rejoined the Company as President and Chief Executive Officer, effective immediately. He has also been elected to the Board of Directors and will serve as its Chairman. Mr. Lafley joined Procter & Gamble in 1977 and served as President and Chief Executive Officer from 2000 to 2009. He succeeds Robert A. “Bob” McDonald, who is retiring from the Company on June 30, 2013, after 33 years of service. Full Article
Procter & Gamble Co Files Infringement Lawsuit Against CAO Group, Inc
Procter & Gamble Co announced it has filed a lawsuit on May 20, 2013 in the Southern District of Ohio against CAO Group, Inc., a manufacturer and distributor of dental products. The lawsuit alleges that CAO Group is violating P&G's intellectual property by manufacturing and selling its Sheer White, Sheer FluorX, and Sheer DesenZ products. The unauthorized use of patented technology is prohibited by law. P&G is suing CAO Group in order to protect its investment in its technology and its Crest Whitestrips business. Full Article
Procter & Gamble Co Reaffirms FY 2013 Revenue Guidance; Raises Low End Of Prior FY 2013 EPS Guidance; Comments On Q4 2013 Revenue Guidance; Issues Q4 2013 EPS Guidance Below Analysts' Estimates
Procter & Gamble Co announced that it is maintaining its organic sales growth guidance of 3% to 4% for fiscal 2013. Foreign exchange is expected to reduce sales growth by 2%, resulting in guidance for all-in net sales growth of 1% to 2% versus the prior year. The Company is increasing the low end of the range of core earnings per share guidance for fiscal 2013 by $0.02 to $3.96 to $4.04, behind strong productivity improvement and resulting cost savings. All-in earnings per share are expected to be in the range of $3.90 to $3.98. The Company also announced that is estimating organic sales growth in the range of 3% to 4% for the fourth quarter of 2013. The Company expects fourth quarter 2013 core EPS in the range of $0.69 to $0.77. On an all-in basis, P&G is forecasting diluted net earnings per share in the range of $0.67 to $0.75. The all-in EPS guidance includes non-core restructuring charges of $0.02 per share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $84.645 billion for fiscal 2013; and revenue of $20.966 billion and EPS of $0.81 for the fourth quarter of 2013. Full Article
Procter & Gamble Co Declares 7% Dividend Increase
Procter & Gamble Co announced that Board of Directors declared an increase in the quarterly dividend from $0.562 to $0.6015 per share on Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after May 15, 2013 to Common Stock shareholders of record at the close of business on April 26, 2013, and to Series A and Series B Preferred Stock shareholders of record at the start of business on April 26, 2013. This represents a 7% increase compared to the prior quarterly dividend. Full Article
P&G appears back on track with CEO Lafley's return
- Procter & Gamble Co forecast a slightly more upbeat 2014 than expected on Thursday as Chief Executive A.G. Lafley tries to get the world's largest household products maker back on track without sacrificing profitability. | Video

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