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Procter & Gamble Co (PG.N)

PG.N on New York Stock Exchange

84.37USD
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Procter & Gamble CFO on conf call- Will not compete in the lowest price tiers
Tuesday, 25 Oct 2016 07:15am EDT 

Procter & Gamble Co : CFO on conf call- wage inflation an increasing challenge in many developing markets . CFO on conf call- will not compete in the lowest price tiers . CFO on conf call- will make about $22 billion in dividend payments, share exchanges and share repurchases in FY2017 . CFO - in China, need to make much more progress in babycare, have some challenges in wholesale market and specialty channels Further company coverage: [PG.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

P&G reaffirms forecast for 2 pct organic sales growth for fiscal 2017
Tuesday, 25 Oct 2016 07:00am EDT 

Procter & Gamble Co : P&G announces first quarter earnings . P&G said it is maintaining its projection for organic sales growth of approximately two percent for fiscal 2017 . P&G announces first quarter earnings . Q1 earnings per share $1.00 from continuing operations . Q1 earnings per share $0.96 . Q1 sales $16.5 billion versus i/b/e/s view $16.49 billion . Qtrly organic sales rose 3% . Procter & Gamble co - P&G continues to estimate all-in sales growth of about one percent for fiscal 2017 . Q1 earnings per share view $0.98 -- Thomson Reuters I/B/E/S . Procter & Gamble - sees combined headwinds of foreign exchange and minor brand divestitures to reduce sales growth by about one percentage point in 2017 . Procter & Gamble Co - maintains its expectation for core earnings per share growth of mid-single digits versus fiscal 2016 core eps of $3.67 . 2017 all-in GAAP earnings per share are expected to increase 45% to 50% versus fiscal year 2016 gaap eps of $3.69 . P&G - fiscal 2017 GAAP EPS estimate includes about $0.10 per share non-core restructuring costs and $0.13 per share charges related to debt retirement .Included in 2017 GAAP EPS guidance is a significant gain from divestiture of 41 beauty brands to coty inc.  Full Article

Procter & gamble co declared a quarterly dividend of $0.6695 per share
Tuesday, 11 Oct 2016 09:54am EDT 

Procter & Gamble Co :Procter & Gamble Co - declared a quarterly dividend of $0.6695 per share on common stock.  Full Article

P&G - final proration factor of about 15 pct for shares tendered in specialty beauty brands exchange offer
Wednesday, 5 Oct 2016 09:00am EDT 

Procter & Gamble Co :Procter & Gamble announces final proration factor of 15.0123 pct for shares tendered in P&G specialty beauty brands exchange offer.  Full Article

SA's Competition Tribunal conditionally approves Coty-P&G deal
Tuesday, 27 Sep 2016 12:00pm EDT 

SA's Competition Tribunal : Conditionally approved the merger of Coty and P&G (Procter and Gamble) (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Procter & Gamble Commences P&G Specialty Beauty Brands Exchange Offer
Thursday, 1 Sep 2016 12:01pm EDT 

Procter & Gamble Co : Commencement of exchange offer for separation of global fine fragrances, salon professional, cosmetics, retail hair color businesses . Says P&G is offering to exchange shares of Galleria Co. Common stock for shares of P&G common stock . P&G expects to issue 409.7 million shares of Galleria Co. Common stock in exchange offer .Exchange offer designed to permit shareholders to exchange shares of P&G stock for shares of Galleria stock at a discount of 7 percent.  Full Article

P&G says court enters injunction barring private label maker from infringing Crest Whitestrips IP rights
Thursday, 25 Aug 2016 12:13pm EDT 

Procter & Gamble : Procter & Gamble - Federal Court entered permanent injunction barring private label manufacturer from infringing company's substantial Crest Whitestrips IP rights .Procter & Gamble - Court enjoined Onuge Personal Care Co Ltd from manufacturing, offering, selling, distributing products that infringe P&G's patents.  Full Article

Coty executive says co to divest all discontinued 6 pct to 8 pct of combined portfolio revenues - conf call
Tuesday, 16 Aug 2016 11:45am EDT 

: Coty executive - Now about 85% on way through global efficiency program, recognized about $230 million in savings through end of fiscal 2016 - conf call . Coty executive - Remain on track to recognize targeted $270 million in savings through fiscal 2017 - conf call . Coty executive - Co planning to divest all discontinued 6% to 8% of combined co's portfolio net revenues, timing still being determined - conf call Further company coverage: [COTY.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Coty reports Q4 adjusted earnings per share $0.13
Tuesday, 16 Aug 2016 07:00am EDT 

Coty Inc : Q4 net revenues $1.08 billion versus $1.02 billion in q4 2015 . Coty Inc reports fiscal 2016 fourth quarter and full year results . Q4 adjusted earnings per share $0.13 . Q4 loss per share $0.09 . Qtrly fragrances reported operating income of $288.9 million decreased 18% . Is targeting Coty stand-alone fiscal 2017 adjusted operating margin improvement on a constant currency basis . Says for Coty Stand Alone business,targeting net revenue momentum to improve, return to growth in 2h of fy 2017, excluding foreign currency . Closing of merger of P&G Beauty Brands into coty expected to occur in october 2016. . Says Brazil acquisition returned to profitability in quarter . Says Brazil acquisition integration with Coty's Brazil business expected to be completed by September 2016 .Q4 earnings per share view $0.06, revenue view $1.05 billion -- Thomson Reuters I/B/E/S.  Full Article

P&G on conf call- should be getting back to market growth rates by fiscal year's end
Tuesday, 2 Aug 2016 10:00am EDT 

P&G Co : On conf call- should be getting back to market growth rates by fiscal year's end . Exec- "we need to be growing at or slightly ahead of markets in which we are operating in and we fully intend to do that" . Exec- expecting increases in advertising spend this year versus last, probably in the mid-single-digit range . On conf call- strengthening selling resources and programs for baby center stores and e-commerce . On conf call- increasing investments to drive awareness and trial of Pampers among new moms . On conf call- in FY2017 will relaunch product lines in several categories, implement a new go to market program across retailers and distributors in China . Exec- see China sequentially improving Further company coverage: [PG.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

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Coty says sales slide to continue in current quarter, shares fall

Beauty products maker Coty Inc reported lower-than-expected quarterly revenue, due to a slump in demand for its fragrances and color cosmetics, and said the slowdown in revenue would continue in the current quarter.