|Bid||126.60 x 900|
|Ask||127.30 x 900|
|Day's range||125.98 - 128.07|
|52-week range||97.75 - 128.09|
|Beta (5Y monthly)||0.36|
|PE ratio (TTM)||71.02|
|Earnings date||20 Apr 2020 - 26 Apr 2020|
|Forward dividend & yield||2.98 (2.36%)|
|Ex-dividend date||22 Jan 2020|
|1y target est||130.20|
The epidemic, which originated in China's Hubei province and has claimed more than 2,000 lives, has raised concerns on its economic fallout stretching further into 2020, as companies have been forced to shut stores and curtail manufacturing in the critical market. The company's supply side has come under pressure, as it relies on 387 suppliers in China that ship more than 9,000 different materials, impacting about 17,600 different finished product items. "Each of these suppliers faces their own challenges in resuming operations," Chief Financial Officer Jon Moeller said in a presentation at the Consumer Analyst Group of New York Conference.
Moms put everything they have into loving and caring for their babies. Yet, in a new Pampers survey* conducted among moms, 9 out of 10 worry they aren’t doing a good enough job. In another survey** conducted in North America, many claim to be their own worst critic (86%). To show support for moms everywhere, Pampers is starting a movement, "Share the Love." Teaming up with Pampers are Actress, Entrepreneur and new mom Shay Mitchell along with long-term Pampers Creative Consultant, TV Personality, Cookbook Author and mother of two, Chrissy Teigen, to fuel the discussion.
Pampers launches new campaign "Share The Love" to uplift moms and provide support for each other when they need it most.
P&G makes significant advances in plastics recycling, driving a circular economy, and promotes responsible consumption.
Today, best-selling detergent brand Cascade is launching "Do It Every Night," a campaign to encourage water conservation in an unexpected way: by considering running the dishwasher every night, instead of washing dishes by hand.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Procter & Gamble (PG) have what it takes? Let's find out.
David S. Taylor, Chairman of the Board, President and Chief Executive Officer and Jon R. Moeller, Vice Chairman, Chief Operating Officer and Chief Financial Officer of The Procter & Gamble Company (NYSE:PG) will be featured speakers at the Consumer Analyst Group of New York Conference in Boca Raton, Fla., on Thursday, February 20, 2020 at 9:00 a.m. ET.
There is no doubt that Black women feel they need to be more conscious about their hair in the workplace compared to white women, whether the perception of their hair is a result of their environment or self-imposed judgment. Fact: 93% of Black women surveyed in the new Hair At Work Study by Royal Oils from Head & Shoulders and Gold Series from Pantene have encountered microaggressions about their hair in the workplace. "Is that your real hair?" is the most common comment, with 66% of Black women saying they have heard this at work.
Secret Deodorant, champion of women’s equality and advocate for female athletes, announced a new partnership with Serena Williams.
Procter & Gamble (PG) is gaining from its cost-saving plans, strong organic sales growth and efforts to improve productivity. Also, the company is on track to improve its product portfolio.
Gillette (NYSE: PG), the world’s leading expert in men’s grooming, and Twitch, the leading service and community for multiplayer entertainment, today announced the return of the "Gillette Gaming Alliance," a team of five Twitch streamers from around the world that will collaborate with Gillette to create content for their fans. This is a continuation of a partnership that began in 2017.
Puffs Plus Lotion, the ultimate runny, sore and red nose soother, is partnering with dancing duo and TV personalities, Stephen "tWitch" Boss and Allison Holker, to pass the Puffs to ANoseInNeed this cold and flu season. In an always-on world where the golden rule of "when you’re sick… shut down, stay home" is no longer the norm, powering through a scratchy throat and red, runny nose has become part of the expected daily grind, especially as a parent.
(Bloomberg) -- Edgewell Personal Care Co. is ditching its bid to acquire shaving-supply maker Harry’s -- and the broader takeaway is that big consumer companies may have to think twice before snapping up feisty upstarts that are nibbling away at their market share.The company said it’s abandoning the proposed $1.37 billion deal a week after the Federal Trade Commission sued to block the merger on antitrust grounds. Its shares climbed as much as 27% on Monday -- the most on record -- after the announcement, which accompanied quarterly earnings, cheered on by investors who felt the company was overpaying.Edgewell had planned to reinvigorate its Schick razor line by putting Harry’s co-founders, Jeff Raider and Andy Katz-Mayfield, in charge. Now it will have to formulate a new path forward for the 100-year-old brand.On a call Monday, Chief Executive Officer Rod Little said the company remains “energized” in its mission to turn Schick around, but acknowledged that “it’s going to take us longer to get there” without the injection of expertise from Harry’s, which was a pioneer of the direct-to-consumer subscription model for shaving goods.The FTC lawsuit could complicate future deals by big consumer-goods companies that hold sway in certain industries and want to grow via acquisitions. The FTC’s opposition to the deal may be a bad sign for Juul Labs Inc., the e-cigarette company whose sale of a stake to an established rival -- Marlboro maker Altria Inc. -- is still under review by the agency.Other companies that roiled their industries in Harry’s-like fashion are seeing valuations plummet. Casper Sleep Inc., the mattress-in-the-mail maker that went public this month, fell as much as 9.5% in trading Monday, valuing the company at just over $400 million.Acquiring EarlyThe lesson may be to acquire young, potentially disruptive startups before they get too big. Harry’s had gained market share behind Procter & Gamble Co. and Edgewell, and the FTC couldn’t allow consolidation at that level, said Peter Carstensen, a law professor at the University of Wisconsin who specializes in antitrust matters.Further consolidation by one of the biggest players in a market with few competitors “is not going to be allowed,” he said. “This merger was not going to do anybody any good, probably not even the shareholders.”Last week’s FTC complaint said that Harry’s was a “uniquely disruptive competitor” in the shaving market that “forced its rivals to offer lower prices, and more options, to consumers across the country.”Other DealsP&G last month agreed to buy Billie, which makes shaving products for women and the company has made a series of similar acquisitions in recent years. Unilever purchased Dollar Shave Club in 2016.“We believe we would have prevailed in litigation, and are disappointed by the decision by Edgewell’s board not to see this process to its conclusion,” Raider and Katz-Mayfield said in a statement, adding they were “perplexed” by the FTC action.The Harry’s deal stands out because of its size, with Harry’s and Edgewell trailing only P&G in U.S. shaving market share, according to Carstensen.“This merger was so far over the line that it was a no-brainer,” he said.To contact the reporter on this story: Gerald Porter Jr. in New York at email@example.comTo contact the editors responsible for this story: Sally Bakewell at firstname.lastname@example.org, Jonathan RoederFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg Opinion) -- Harry's Inc. billed itself as an alternative to overpriced razors, and the sales pitch worked — too well, in fact.The shaving company’s planned sale to Schick razor maker Edgewell Personal Care Co. officially collapsed on Monday after the Federal Trade Commission sued to block the $1.37 billion deal on anti-competitive grounds.There had been some thought that Edgewell would fight for the Harry’s deal in court, but the company said Monday it’s instead walking away, “given the inherent uncertainty of a potential trial, the required investment of resources and time and the distraction that a continuing court battle would entail.” Shareholders are fine with that: The stock rose more than 20% on Monday after climbing 13% on Feb. 3, when the FTC’s opposition was announced. While investors may be happy to say goodbye to an acquisition that was arguably overpriced, regulators’ opposition to the takeover has wide-ranging ramifications. Among other things, this threatens to close the door on one of the more sure-fire exit strategies for would-be direct to consumer unicorns.In advertisements, Harry's pitched itself as "the shaving company that's fixing shaving." In its complaint, the FTC argues that Harry’s successfully disrupted an effective duopoly between Edgewell and Gillette-maker Procter & Gamble Co. and forced the incumbents to start lowering their prices for razors. Curiously, it argues that this only happened once Harry’s products migrated out of the e-commerce-only environment in which they launched and started appearing on shelves at Target Corp. and Walmart Inc. stores. Using similar logic, the FTC dismisses Dollar Shave Club – acquired by Unilever NV in 2016 for $1 billion – as a full-blown competitor capable of making up for the loss of an independent Harry's in part because it still mainly sells razors via an online direct-to-consumer model.The idea that firm lines exist between the online and brick-and-mortar worlds — and that pricing dynamics in one don’t affect the other — feels rather silly in this day and age. Most consumers wouldn’t distinguish between the two marketplaces, and increasingly, neither would businesses. The FTC’s decision to block the Harry’s purchase is reminiscent of pushback to the merger of Staples and Office Depot in 2016, where the regulator ignored the stream of sales defecting to Amazon and declined to view it as a strong enough competitor in commercial office supplies. Amazon’s 2017 acquisition of Whole Foods Market Inc., by contrast, was waved through without a second glance and closed in just two months.Notably, without Harry’s and without the sales from an infant and pet-care business Edgewell sold in December, the company now expects total revenue to decline as much as 5% this year. When Edgewell had announced the Harry’s purchase last year, it projected a $20 million increase to Ebitda by 2023 from annual cost savings and an additional $20 million boost from revenue benefits, including new brand launches and international expansion opportunities. Antitrust regulation isn’t a forward-looking industry and I don’t think anyone would want to task the FTC or the Department of Justice with picking out the winners and losers of the future. But the result is a system that seems ill-suited to navigating the changes to the economy from e-commerce and direct-to-consumer business models. And while regulators may not want to predict the future, their actions will have a significant impact on what unfolds from here.One of the odd messages being sent by this decision is that it may be better for upstart consumer brands to avoid brick-and-mortar stores if they want to sell themselves to a more-established organization down the road. That’s not going to be helpful for Target, Walmart or the bevy of aging department stores trying to compete with Amazon and make themselves relevant to today’s consumer. Another alternative is for startups to sell out before they get big enough to matter, which raises the odds that smaller brands get swallowed up and killed off rather than nourished into viable competitors. The IPO route looks increasingly closed, at least at the valuations many had enjoyed in the private markets. Some brands will still succeed as independent entities – Glossier, Allbirds and Warby Parker come to mind – but the road to making it big arguably just got tougher.To contact the author of this story: Brooke Sutherland at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Inspired by the daily dance parties so many parents have with their babies, Pampers is partnering with Serena Williams and her daughter Olympia to share the launch of a new song: the "Pampers Wild Child Wiggle." Pampers is celebrating all of the wild moves babies make in their Pampers Cruisers 360 FIT diapers – the "yoga pant" for babies, with no tapes and a 360 stretchy waistband!
Sally Beauty (SBH) posts dismal first-quarter fiscal 2020 results. Nevertheless, the company is progressing well with its transformation efforts.
Estee Lauder's (EL) second-quarter fiscal 2020 results reflect strength in Skin Care and Fragrance categories, Estee Lauder brand, travel retail and online channels.
Clorox (CLX) second-quarter fiscal 2020 results reflect increase in gross margin. This marks the fifth straight quarter of gross margin growth.
The Zacks Analyst Blog Highlights: Amazon.com, Procter & Gamble, Pfizer, Southwest Airlines and Humana
Some past performances of Wall Street show that the yearly equity return behaves in the same manner as that of January. Is it time to pick quality stocks and ETFs?