New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 24, 2014
08:54 EDTPGProcter & Gamble says it has exceeded FY14 non-manufacturing reduction goals
Says the strongest brands and positioning is in the U.S. The company said significant upgrades are coming in Fabric Care products. It expects cost of goods savings will increase to $1.6B this year. Emerging markets are also expected expand and will become a significant growth driver for the company in years to come. Manufacturing start up costs will annualize in 2H14. The company will annualize the Venezuela impact until mid-February in Q3. Expects 90% free cash flow productivity as well as CapEx spending in the range of 4%-5% of sales and share repurchase in the range of $5B-$7B. The negative foreign exchange effect and cost savings are expected to drive 2H14 growth. Proctor & Gamble says it continues to operate in a "volatile environment with uncertainty in foreign exchange, some deceleration in the market growth growth rates and a rapidly developing policy environment." Comments taken from Q2 earnings conference call.
News For PG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 1, 2015
07:25 EDTPGConsumer goods makers challenged by surging freight costs, WSJ reports
Subscribe for More Information
June 30, 2015
15:31 EDTPGProcter & Gamble announces change to laundry pacs to improve safety
Subscribe for More Information
June 23, 2015
06:33 EDTPGOnline market for razors growing quickly, WSJ reports
Subscribe for More Information
June 17, 2015
06:39 EDTPGCoty downgraded to Neutral from Buy at Citi
Citi downgraded Coty (COTY) to Neutral after shares rallied on a New York Post report saying the company is in talks to acquire Procter & Gamble's (PG) beauty business for $12B. Citi sees potential challenges with the deal and notes the stock is up 65% since its upgrade in January. The firm raised its price target for shares to $32 from $29.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use