Procter & Gamble (NYSE:PG) agreed to acquire Thorne, a science-focused wellness supplements company. The transaction values Thorne at US$3.8b and expands PG into premium health and wellness categories. The deal centers on vitamins, minerals, and supplements as an extension of PG's existing health portfolio. For investors tracking Procter & Gamble, this move pushes the company further into consumer health and wellness rather than relying only on traditional household and personal care...
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The consumer-goods giant will buy Thorne to bolster its presence in the beauty and wellness industry.
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Shares of Procter & Gamble declined in premarket trading Wednesday as Wall Street reacted to mixed quarterly earnings and underwhelming profit guidance from the consumer packaged goods company. Procter & Gamble posted core earnings of $1.43 a share for the fiscal fourth quarter, down from $1.48 a year ago but slightly above Wall Street expectations of $1.41. It was a mixed bag for Procter & Gamble’s product categories—which range from baby care to hair care.
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The latest trading day saw Procter & Gamble (PG) settling at $148.05, representing a +1.35% change from its previous close.
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Procter & Gamble (NYSE:PG) is partnering with Albertsons to produce original scripted microdramas as branded entertainment content. The series is designed to connect emotionally with shoppers and is distributed through Albertsons’ digital retail media channels. The initiative draws on Procter & Gamble’s historic roots in soap operas while using modern shopper data to tailor content. Procter & Gamble, one of the largest global consumer goods companies, is using this content move to sit...
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Procter & Gamble has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 5.3% to $150.29 per share while the index has gained 9%.
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P&G (PG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.