Procter & Gamble

Ticker PG

Today's data summary

Market closed
% change
-0.85%
Price US dollars
126.58
Change
-1.08
As of 03:57 26 Feb 2021
Market cap. US dollars
313.92 million
As of 03:57 26 Feb 2021

Latest updates

  1. P&G takes Gillette charge

    razors

    Procter & Gamble says it has reported its strongest quarter of organic sales growth in 13 years in the fourth quarter of its financial year.

    Sales rose 4% to $17.1bn (£14bn) while excluding the impacts of foreign exchange, acquisitions and divestitures, organic sales increased 7%.

    For the financial year, sales were $67.7bn an increase of 1% on a year earlier.

    But it reported a loss of $5.24bn for the April to June quarter after taking a non-cash, after-tax charge of $8bn for its Gillette Shave Care business.

    It says the impairment was due primarily to "significant currency devaluations that have occurred since carrying values were initially established nearly 14 years ago in 2005."

    "The Shave Care business has also been negatively impacted by market contraction of blades and razors, primarily in developed markets, due to lower shaving frequency, and competitive activities."

  2. Video content

    Video caption: CES 2019: Skin printer wipes years from your face

    Procter & Gamble has developed a handheld device that precisely covers blemishes.