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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.
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August 1, 2014
07:23 EDTPGProcter & Gamble CFO says will accelerate, exceed cost-cutting targets
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07:10 EDTPGProcter & Gamble reports Q4 Beauty segment net sales down 5%
Procter & Gamble reports Q4 Beauty segment net sales down 5%, with organic sales down 3%. Reports Q4 Grooming segment net sales up 5%, with organic sales up 7%. Reports Q4 Health Care segment net sales down 1%, with organic sales flat. Reports Q4 Fabric and Home Care segment net sales down 2%, with organic sales up 1%. Reports Q4 Baby, Feminine, Family Care segment net sales up 1%, with organic sales up 3%.
07:05 EDTPGProcter & Gamble sees FY15 core EPS up mid-single digits, consensus $4.51
Sees FY15 organic sales growth in the low-to-mid single digit range, consensus $86.03B. Net sales growth is expected to be in the low single digit range, including a negative one point impact from foreign exchange. P&G noted that the quarterly profile of earnings will be heavily influenced by the variation of foreign exchange impacts from period-to-period. The company expects the most significant negative impact from foreign exchange in the July-September 2014 quarter. At current spot rates, P&G expects foreign exchange to be roughly neutral to earnings growth in the second half of fiscal year 2015.
07:03 EDTPGProcter & Gamble reports Q4 organic sales grew 2%
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07:02 EDTPGProcter & Gamble reports Q4 core EPS 95c, consensus 91c
Reports Q4 revenue $20.16B, consensus $20.48B.
July 31, 2014
15:38 EDTPGNotable companies reporting before tomorrow's open
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15:12 EDTPGProcter & Gamble technical notes ahead of earnings
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July 30, 2014
08:10 EDTPGProcter & Gamble August weekly volatility elevated into Q4
Procter & Gamble August weekly call option implied volatility is at 34, August is at 14, September is at 12, November is at 11; compared to its 26-week average of 14 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on August 1.
July 18, 2014
12:21 EDTPGCable ad upfront volumes may drop 4% or more, WSJ says
Two of the U.S.'s biggest marketers, Procter & Gamble (PG) and General Motors (GM), have pulled back on their TV network advertising commitments in advance of the "upfront" selling season for cable networks, said The Wall Street Journal, citing people familiar with the matter. The overall volume of ad dollars committed to cable networks during the upfront, which is still under way, could be down 4% or more from last year, people familiar with the situation said. Notable owners of cable television stations include 21st Century Fox (FOXA), Time Warner (TWX), Disney (DIS), CBS (CBS), Comcast (CMCSA), Discovery (DISCA), Viacom (VIAB), and AMC Networks (AMCX). The report added that cutbacks partly reflect a shift of tv ad budgets to digital media, including online video. Google (GOOG) has a large presence in online video with YouTube and Facebook (FB) is taking steps to grow in the area. Reference Link

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