DIRS.INFO The most relevant business & tech news

☆ P&G tops profit estimates on pricing boost, resilient demand
▼ + stars: | 2023-10-18 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

REUTERS/Timothy Aeppel/File photo Acquire Licensing RightsOct 18 (Reuters) - Procter & Gamble (PG.N) topped market expectations for quarterly sales and profit on Wednesday, benefiting from higher prices as well as steady demand for its personal care products and cleaning supplies. While P&G's moves to consistently raise prices over the past several months have dented sales volumes with some cost-conscious shoppers turning to cheaper alternatives, the benefits from higher prices have helped bolster its profits. Gross margin improved 460 basis points to 52% in the quarter ended Sept. 30 and the company kept its annual profit outlook despite expectations for a $1 billion after-tax impact from unfavorable foreign exchange rates. P&G now expects sales growth to be in the range of 2%-4% for fiscal 2024, compared to its prior estimate of a 3%-4% rise, owing to currency fluctuations. Per-share profit of $1.83 per share also beat expectations of $1.72.

Persons: Timothy Aeppel, Andre Schulten, they're, Jason Benowitz, Deborah Sophia Organizations: Procter, REUTERS, Procter & Gamble, Gillette, Roosevelt, Thomson Locations: Tabler Station, West Virginia, U.S, Bengaluru

☆ P&G tops quarterly profit estimates on pricing boost, resilient demand
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Timothy Aeppel/File photo Acquire Licensing RightsOct 18 (Reuters) - Procter & Gamble's (PG.N) quarterly sales and profit topped market expectations on Wednesday, helped by steady demand for its personal care products and cleaning supplies as well as price hikes. P&G has consistently raised prices of its products over the past several months. While that has led to weaker sales volumes as some cost-conscious shoppers turn to cheaper alternatives, the benefits from higher prices have helped bolster its profits. The Pantene shampoo maker saw overall prices jump 7% in the first quarter, while total sales volume dropped 1%, consistent with the levels seen in the prior quarter. The company posted a profit of $1.83 per share, above estimates of $1.72 per share.

Persons: Timothy Aeppel, G, Deborah Sophia Organizations: Procter, REUTERS, UBS, Gillette, Thomson Locations: Tabler Station, West Virginia, U.S, Bengaluru

☆ Procter & Gamble tops earnings, revenue estimates even as higher prices drive some consumers away
▼ + stars: | 2023-10-18 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Procter & Gamble on Wednesday reported quarterly earnings and revenue that topped analysts' expectations, despite volume falling for the sixth consecutive quarter. The company's organic revenue increased 7% in the quarter, helped by higher prices for P&G's products. But the company's volume shrank 1%. The company now projects revenue growth of 2% to 4%, rather than its prior forecast of 3% to 4%. P&G reiterated its full-year forecast for organic revenue growth, which strips out the impact of acquisitions, divestitures and foreign currency, and for earnings per share growth.

Persons: Jon Moeller, Gillette Organizations: Procter, Gamble, LSEG, Venus Locations: Compton , California

BOSTON (AP) — Police in Massachusetts said Thursday that they are pursuing assault and battery and disorderly conduct charges against three Rhode Island men in the recent death of a fan at a New England Patriots game. Police didn't name the men or say when a probable cause hearing about the charges might happen. The final cause of death remains undetermined, pending additional tests by the chief medical examiner's office. Joey Kilmartin, who was at the game, said he saw Mooney, a Patriots fan, jawing with another fan. Mooney walked over to the fan and they began to tussle.

Persons: Dale Mooney, Mooney, Joey Kilmartin, Mooney “, ” Organizations: BOSTON, — Police, Rhode, New England Patriots, Foxborough Police, Gillette, Police, Miami Dolphins, Patriots Locations: Massachusetts, Newmarket , New Hampshire, Norfolk County

☆ Alexandra Bruell — Reporter at The Wall Street Journal
▼ + stars: | 2023-09-28 | by ( Alexandra Bruell | ) www.wsj.com time to read: +1 min

Alexandra BruellAlexandra Bruell covers the news and magazine publishing industry and is part of The Wall Street Journal’s Media and Marketing Bureau in New York. Prior to taking on the publishing beat, Alexandra covered advertising for the Journal. Before joining the Journal in 2016, Alexandra worked as a reporter for Ad Age. There, she wrote about marketing and Madison Avenue, including a series of stories about allegations of kickbacks in the media-buying business. Earlier in her career, she covered the business of consumer marketing for a public relations trade publication.

Persons: Alexandra Bruell Alexandra Bruell, Alexandra Organizations: Journal’s Media, Marketing Bureau, Journal, Netflix, Ad, Madison, Tulane University Locations: New York, newsrooms, New York City

☆ These are the 11 sectors that comprise the S&P 500 — and the stocks we own in each
▼ + stars: | 2023-09-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +28 min

.GSPF YTD mountain S & P 500 Financials Sector YTD performance Club stocks in the Financials sector: Morgan Stanley ( MS): The bank's services include investment banking, wealth management and investment management. Communication Services Sector market weight: 8.85% Market cap: $3.3 trillion YTD performance: up 44.5% Industries: Diversified telecommunication services; entertainment; interactive media & services; media; wireless telecommunication services. .GSPTS YTD mountain S & P 500 Communication Services Sector YTD performance Club stocks in the Communication Services sector: Walt Disney (DIS): The entertainment giant reported another mixed quarter last month, even against low expectations. Real estate Sector market weight: 2.44% Market cap: $909 billion YTD performance: up 0.9% Industries: Equity real estate investment trusts; real estate management & development. .SPLRCR YTD mountain S & P 500 Real Estate Sector YTD performance While we don't own any real estate stocks, investors have historically invested in the sector for its reliable cash flow from income-generating properties.

Persons: Jim Cramer's, Jim, Salesforce, reenergized, Marc Benioff, Wolfe, Palo, Eli Lilly, Cantor Fitzgerald, Bausch, bioprocessing, Morgan Stanley, Morgan Stanley's, Eaton Vance, Wells Fargo, Wells, TJX, Wynn, Locker, We've, Mary Dillon, Walt Disney, Bob Iger's, Emerson, Davidson, Vimal Kapur, Stanley Black, Decker, Estee Lauder, Gillette —, Elliott, Coterra, Linde, Jim Cramer, Mandel Ngan Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Technology Sector, Industries, Communications, Technology, Information Technology, Apple, Wedbush Securities, Microsoft, UBS, Deutsche Bank, Nvidia, Broadcom, VMware, Palo Alto Networks, Wolfe Research, Palo Alto, Oracle, Mizuho, Amazon Web Services, Google, Health Care, Biotechnology, Health, Bausch Health, Leerink Partners, GE Healthcare Technologies, General Electric, GE, Financials, Bank of America, United Auto Workers, Detroit, Ford, Starbucks, TJX, Marshalls, Wynn Resorts, WYNN, Communication Services, Communication, Hollywood, Charter Communications, Disney, JMP Securities, Facebook, Industrials, Aerospace, Emerson, Caterpillar, Honeywell, Consumer Staples Sector, Consumer, Consumer Staples, Costco Wholesale, Procter & Gamble, Gillette, Constellation Brands, Corona, Modelo, Pacifico, Elliott Management, Energy Sector, Energy, Coterra Energy, Natural Resources, West Texas, Utilities Sector, Electric, Companies, Sempra Energy, Materials, Chemicals, Linde, LIN, DuPont, Sector, Equity, Real, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: U.S, FactSet, bioprocessing, Wells Fargo, China, Maxx, Macao, Asia, Pacifico —, California, Texas

☆ Will Lionel Messi play on Atlanta United’s artificial turf?
▼ + stars: | 2023-09-16 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

Sixteen years on, six MLS teams (over 20%) have artificial turf in their home grounds, including Atlanta United’s Mercedes-Benz Stadium, where Inter Miami will play on Saturday with potentially Lionel Messi featuring. “Truth is it’s been a while since I’ve played on artificial turf, but I have no problem adapting myself again,” said Messi. The science is conflicting as to whether artificial turf presents increased health concerns to those playing on it. Lower-extremity injuries, in particular knee and ankle injuries, more commonly occur on artificial turf in comparison to natural grass.”Lower leg injuries suffered on artificial turf aren’t just an issue for NFL players. More than 70,000 fans are expected in Atlanta to watch Atlanta United play Inter Miami, but for his next trick just how will Messi potentially deal with playing on artificial surface?

Persons: CNN —, ”, David Beckham, Atlanta United’s Mercedes, Lionel Messi, Beckham, it’s, I’ve, Messi, Shaun Botterill, Aaron Rodgers ’, Simone Magill –, Megan Briggs, Magill, ” Holly Silvers, Sanjay Gupta, Silvers, Granelli, Alex Slitz, Dr, Andrew Pearle, Rodgers ’, David Bakhtiari, Roger Goodell, he’ll, Gianni Infantino, They’ll, Goodell, “, Thierry Henry, ” Henry, Fred Kfoury III, Germain Organizations: CNN, Major League Soccer, MLS, Atlanta, Benz, Inter Miami, LA Galaxy, Toronto’s BMO, Bodø, Young Boys, Toronto FC, BMO Field, NFL, Orthopaedic Journal, Sports Medicine, soccer, ” Northern Ireland, CORE, CNN Chief, Atlanta United, Hospital for Special Surgery, Green Bay Packers, Twitter, ESPN, FIFA, New York Red Bulls, “, New, Gillette, Paris Saint, US Locations: Europe, Barcelona, Glimt, Norway, Switzerland, Netherlands, Los Angeles, California, New York City, North America, Foxborough, Paris, Atlanta

☆ The Best Electric Razors for Women for a Smooth Finish
▼ + stars: | 2023-09-12 | by ( Abbie Kozolchyk | ) www.wsj.com time to read: +10 min

Buyers are increasingly going electric—some because electric shavers lead to far less landfill waste than disposable versions you’d replace daily or weekly. The back of the leg calls for pivoting heads, too, says Dr. Sarkar. “Many electric shavers have Lithium-ion batteries,” notes Dr. Sarkar—so carry-on would be your only option. Epilators, which do remove hair this way, sometimes get misclassified as electric shavers. So if you’re looking for something that will literally uproot your hair, electric shavers aren’t right for the job—but epilators are.

Persons: Abbie Kozolchyk, shaver, ”, Ava Shamban, who’s, Braun, Gentle Trimmer, Newton, Papri Sarkar, trimmer, Joshua Zeichner, Sarkar, Remington shaver, “, There’s, don’t, Melissa Dezarate, groomer, Mary Lupo, M.D, Zeichner, you’re, Shamban, you’ll Organizations: Gillette, AA, Mount Sinai, AAA Locations: TikTok, Beverly Hills, Santa Monica, Calif, Germany, Mount, New York City, New Orleans

☆ Tom Brady makes emotional return to New England Patriots, but Philadelphia Eagles didn’t get the memo
▼ + stars: | 2023-09-11 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +4 min

While playing for the Patriots, Brady was able to bring six Super Bowl titles to New England and turned the franchise into a footballing powerhouse. Maddie Meyer/Getty ImagesOnce the applause and cheers had finally died down, Brady was able to address those in attendance. Michael Dwyer/APEagles onslaughtThe Patriots haven’t won a Super Bowl since Brady departed and the team’s opening NFL game of the 2023/2024 season ended in defeat as the Philadelphia Eagles departed the Gillette Stadium with a 25-20 victory. Philadelphia Eagles cornerback Darius Slay (R) celebrates his pick six with teammate James Bradberry (center). However, following the break, Eagles kicker Jake Elliott piled on another nine points to the Eagles’ tally to make it 25-14 and put Philadelphia in complete control.

Persons: Tom Brady, ” Brady, Brady, ”, Robert Kraft, “, Maddie Meyer, Kraft, Michael Dwyer, Patriots haven’t, Darius Slay, Mac Jones ’, DeVonta Smith, James Bradberry, Fred Kfoury, Hunter Henry, Kendrick Bourne, Jones, Jake Elliott, Bourne Organizations: CNN, Tampa Bay Buccaneers, Patriots, NFL, Gillette, Philadelphia Eagles, New England Patriots, New, Patriots ’ Hall of Fame, Eagles, Philadelphia, The Patriots Locations: New England, Philadelphia

☆ Maine lobstermen are getting into the seaweed business as climate change threatens the catch
▼ + stars: | 2023-09-07 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Lobsters have long been a staple of the Maine economy, worth roughly $388 million last year alone, but climate change is putting the catch at risk. Now lobstermen and women, along with local entrepreneurs, are turning to a new and potentially even more lucrative staple: Seaweed. Seaweed is also a natural carbon sink, helping the ocean to absorb excess carbon dioxide from the atmosphere. Aquaculture in general, and seaweed in particular, is an essential economic driver for the state of Maine. Atlantic Sea Farms works with 27 lobstermen up and down the coast.

Persons: Bri Warner, Warner, Gamble Organizations: Toyota, Procter, Gamble, Gillette, CNBC, Kroger Locations: Maine, The, Portland , Maine

☆ "Barbenheimer" makes waves for July's movie spending, but box office recovery still lags
▼ + stars: | 2023-08-31 | by ( Amina Niasse | ) www.reuters.com time to read: +3 min

REUTERS/Mike Blake/File Photo Acquire Licensing RightsNEW YORK, Aug 31 (Reuters) - "Barbenheimer" - the twin-bill summer box office phenom - sure helped to drive U.S. consumers back to cinemas last month, but movie-going is still struggling to catch up to other recreational spending categories post-pandemic. While that helped long-suffering box office receipts, it made less of a splash for overall consumer spending when compared to larger categories like clothing and household furnishings, economists at Oxford Economics said. It made a big difference in the live-event spending area though, at least for the moment. This summer’s box office has been out of the ordinary with ticket sales for the season up $500 million from last summer’s sales, according to data firm Box Office Mojo. While other categories of live-event spending have fully recovered from the hit delivered by pandemic shutdowns, film attendance outlays remain at roughly 65% of their pre-COVID levels.

Persons: Mike Blake, Oppenheimer, Michael Pearce, Taylor, Amina Niasse, Dan Burns, Andrea Ricci Organizations: REUTERS, Commerce Department, Warner Bros, Oxford Economics, Graphics, Mojo, Sporting, Federal Reserve Bank of Philadelphia, Gillette, Billboard, Thomson Locations: Los Angeles , California, U.S, Massachusetts

☆ How 5 companies are using pricing power to protect profits during high inflation
▼ + stars: | 2023-08-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

A select group of our Club holdings have recently demonstrated durable pricing power to protect profits during what continues to be a high inflation environment. For companies, elevated inflation means higher input costs — higher costs on the goods and services required to run their businesses. In a recent note, UBS acknowledged, "Inflation may trend back toward the Fed's target sooner than expected reducing the relative advantage of companies with pricing power." In fact, UBS believes that "companies with pricing power have the potential to outperform the broader market in the months ahead." Microsoft's pricing power comes down to the simple fact that they have positioned themselves as a core backbone of global productivity.

Persons: Andrew Bonfield, Jim Umpleby, we'll, Gamble, Gillette, Jon Moeller, Linde, Matthew White, White, Salesforce, Jim Cramer's, Jim Cramer, Jim, Procter & Gamble, Justin Sullivan Organizations: Federal Reserve, UBS, Caterpillar, Procter, Gamble, Linde, LIN, Microsoft, Construction Industries, Resource Industries, Energy, Transportation, Procter & Gamble, Health, Care, Investment, Management, Services Cloud, Cloud, Industries, CNBC, Procter & Locations: U.S, Australia, Canada, New Zealand, Greenbrae , California

☆ Lionel Messi lifts MLS to new heights, but the league needs more than 'the GOAT' to grow
▼ + stars: | 2023-08-24 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +6 min

Marco Bello | ReutersSince joining, Inter Miami rose to the highest-selling MLS team for tickets from the 13th spot on StubHub. The average ticket price for Inter Miami on StubHub is $161, nearly 64% higher than the league average. The overall average MLS ticket price is up to $98, while the average ticket price for the Leagues Cup overall was $152. Yes, what we're seeing in pricing for the MLS for Messi games is unprecedented. "Those average ticket prices were still three times what we're seeing for Messi games so far this year," Budelli said.

Persons: Lionel Messi, Logan Riely, Messi, it's, Camilo Durana, Lee Berke, David Beckham, Wayne Rooney, Thierry Henry, Neymar, Cristiano Ronaldo, Karim Benzema, Germain, –, Leo Messi, Marco Bello, he's, Durana, Marc de Grandpré, that's, Adam Budelli, Tom Brady –, StubHub, Lebron James, Budelli, Berke, Tom Brady, Adam Glanzman Organizations: FC Dallas, Toyota, Major League Soccer's Inter Miami CF, MLS, NFL, NBA, Public Investment Fund, French, Paris Saint, FC Barcelona, Inter Miami, Reuters, Messi, Apple, North, Liga MX, U.S, Leagues, Saturday, Red Bulls, New York Red Bulls, NFL Sunday, Tampa Bay, Disney, ESPN, ABC, Tampa Bay Buccaneers, New England Patriots, Gillette, Getty Locations: Frisco , Texas, U.S, Saudi Arabia, Argentine, Fort Lauderdale , Florida, Harrison , New Jersey, Manhattan, StubHub, Foxborough , Massachusetts

☆ Bruce Springsteen has ‘been taken ill,’ postpones two concerts with the E Street Band
▼ + stars: | 2023-08-16 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —Bruce Springsteen is taking some time to rest and putting off two concert dates. In May of this year, the “Born in the U.S.A.” crooner took a fall on stage while performing in Amsterdam. They then traveled to Europe, with stops in France, Italy, Germany, Zurich, Birmingham, Oslo, London, Vienna, Munich, England and more. The tour came back to the United States this month, where they played Wrigley Field in Chicago last week before taking this hiatus. They are next scheduled to play Gillette Stadium in Foxborough, Massachusetts on August 24.

Persons: CNN — Bruce Springsteen, Springsteen, “, ” Springsteen Organizations: CNN, Citizens Bank, Wrigley Field, Gillette Locations: Philadelphia, U.S.A, Amsterdam, Europe, France, Italy, Germany, Zurich, Birmingham, Oslo, London, Vienna, Munich, England, United States, Chicago, Foxborough , Massachusetts

☆ Taylor Swift friendship bracelets: Etsy shop owners capitalize on Eras Tour craze by making concert bracelets as a side hustle
▼ + stars: | 2023-08-08 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +5 min

The 46-year-old mother said she sold over 5,000 Taylor Swift-themed friendship bracelets on her Etsy shop this summer, bringing in about $16,000 in sales. She is part of a group of Etsy shop owners who are selling Swift-themed bracelets for serious cash. Her daughter suggested listing them on her Etsy shop, which typically sells hairbows and headbands for babies and toddlers. “I will continue to make them as long as people want them.”Jamie Thompkins has sold more than 5,000 friendship bracelets to Taylor Swift concertgoers. Similar to the other Etsy shop owners, Papson put her leftover friendship bracelets online and has earned about $1800 so far.

Persons: Jamie Thompkins, Taylor Swift, ” Thompkins, Thompkins, ”, “, ” Jamie Thompkins, Jamie Thompkins Swift, ” Swift, You’ve, Swift, Jennifer Garner, Gigi Hadid, Jennifer Lawrence, Nicole Kidman, Keith Urban, Travis Kelce, Taylor roberts, Taylor Roberts, we’ve, hasn’t, There’s, Aimee Papson, Roberts, ” Roberts, …, ” Aimee Papson, Taylor, Papson, Papon Organizations: CNN, Kansas City, Swift, Gillette Locations: Oklahoma City , Oklahoma, Arlington , Texas, Los Angeles, Massachusetts, Connecticut, Boston, Block Island, Rhode Island, Nashville

☆ Tom Brady takes minority stake in second-tier English soccer club Birmingham City
▼ + stars: | 2023-08-03 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Tom Brady #12 of the Tampa Bay Buccaneers waves to the crowd as he runs off the field after defeating the New England Patriots in the game at Gillette Stadium on October 03, 2021 in Foxborough, Massachusetts. LONDON — Seven-time Super Bowl champion Tom Brady has become a minority owner of English soccer club Birmingham City. The legendary NFL quarterback ended his football career in February at the age of 45 after 23 seasons, a record seven Super Bowl titles and five Super Bowl MVP trophies. "Birmingham City is an iconic club with so much history and passion and to be part of the Blues is a real honour for me," Brady said in a statement. Although based in the U.K.'s second-largest city, the club has languished outside the coveted Premier League since 2011 and has long been eclipsed by crosstown rival Aston Villa.

Persons: Tom Brady, Brady Organizations: Tampa Bay Buccaneers, New England Patriots, Gillette, LONDON, soccer, Birmingham City, —, Knighthead Capital Management, NFL, Super, Knighthead, Premier League, Aston Villa Locations: Foxborough , Massachusetts, New York, Birmingham

☆ These Club consumer stocks stand to gain as customers continue to economize
▼ + stars: | 2023-08-03 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Consumers looking to save money are scaling back on big-ticket discretionary purchases, while spending at Club name Costco Wholesale (COST) continues to thrive. Excluding impacts from changes in gasoline prices and foreign exchange, total company core-comparable sales were up 5% on an annual basis last month. Costco's "stronger than expected results are a signal it continues to take share in this difficult consumer environment," analysts at UBS wrote in a note. This strategy offers higher value proposition to customers, allowing the company to raise prices while still maintaining customer engagement. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, BUD, Raymond James, Anheuser, Molson, Elliott, Jim Cramer's, Jim Organizations: Club, Costco Wholesale, Costco, TAG, UBS, Constellation Brands, Modelo Especial, U.S ., Anheuser, Bush Inbev, Molson Coors, TAP, Constellation, Procter & Gamble, Tide, Gillette, Atlantic, Anheuser Bush, Elliott Management, CNBC, Corbis, Getty Locations: U.S, Teterboro , New Jersey

☆ Revolution head coach Arena suspended amid allegations of 'inappropriate' remarks
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Jul 15, 2023; Foxborough, Massachusetts, USA; New England Revolution head coach Bruce Arena before their game against the D.C. United at Gillette Stadium. Mandatory Credit: Winslow Townson-USA TODAY Sports/File PhotoAug 1 (Reuters) - New England Revolution sporting director and head coach Bruce Arena has been placed on administrative leave pending an MLS review into allegations he made "insensitive and inappropriate" remarks, Major League Soccer said on Tuesday. The Revolution said it suspended Arena due to the MLS investigation into the matter. The New York native has twice coached the U.S. men's national team including at the 2002 and 2006 World Cup and led the team to three Gold Cup titles. He joined the Revolution in 2019 and in his first four seasons with the club they made three playoff appearances.

Persons: Bruce Arena, Winslow Townson, Rory Carroll, Ken Ferris Organizations: D.C, United, Gillette, Major League Soccer, MLS, U.S, men's, Thomson Locations: Foxborough , Massachusetts, USA, New York, Los Angeles

☆ With quarterly beat, Procter & Gamble flexes its ability to win in any economy
▼ + stars: | 2023-07-28 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Procter & Gamble (PG) showed once again its ability to raise prices on its many household staples without damaging sales volume — one of the key reasons to own this stock in an uncertain economic environment. The company also delivered organic growth in all product categories and across all geographies in which it operates. Foreign exchange was a 3 percentage point headwind not reflected in organic growth. At the company level, the team has now notched seven straight quarters of 5% or better organic sales growth. Notably, all 10 major product categories posted organic sales growth in the quarter, with five growing double digits.

Persons: Gillette —, it's, Jim Cramer's, Jim Cramer, Jim, Proctor, Tiffany Hagler Organizations: Procter, Gamble, Tide, Management, Enterprise, CNBC, Gamble Co, Geard, Bloomberg, Getty Locations: buybacks, U.S, China, Europe, America, Hastings, Hudson , New York

☆ Procter & Gamble sales rise slightly, fueled by higher prices
▼ + stars: | 2023-07-28 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

But the company released a gloomy outlook for its fiscal 2024 sales that fell short of Wall Street's estimates. For fiscal 2024, P&G is forecasting that its revenue will grow 3% to 4%, lower than Wall Street's expectations of 4.5% sales growth. For roughly two years, P&G has been raising prices on its products to mitigate higher commodity costs. In fiscal 2024, P&G expects its volume will start increasing again, and prices will only rise 1% to 1.5%. The division, which includes Oral-B and Pepto-Bismol, scared off North American customers with its higher prices, according to P&G.

Persons: Gamble, Andre Schulten Organizations: Procter, Refinitiv, G, Asia Pacific, Gillette Locations: Compton , California, U.S, United States, Europe, Asia, Pacific, China

☆ This top Procter & Gamble exec is showing Hollywood how brands can make prestige films and be 'power-up' partners for studios and streamers
▼ + stars: | 2023-07-25 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

P&G Studios head Kimberly Doebereiner argues that great entertainment can come from brands. Procter & Gamble is at the forefront of the growing brand film space — with its own in-house shingle, P&G Studios, actively pursuing entertainment projects that look nothing like ads. "The first thing I'd love is for the distributors to see that great content can come from anybody, and even if it's from a brand, that doesn't mean it's brand content," she told Insider in an interview. "We have great marketing, we have great brands, we can help bring in viewers, right? "We'd love to have our content be able to show up in the retailer with our brands and create better awareness for that content," Doebereiner said.

Persons: Kimberly Doebereiner, Doebereiner, Gamble, Ron Howard, Brian Grazer's, Michael Sugar's Sugar23, Reese Witherspoon's, Barbie, we've, Brand, Queen Latifah Organizations: G Studios, Procter, Gamble, HBO, Hulu, Brands, Hollywood, Advertising, Tide, Gillette, Tribeca Studios, Walmart, Blue Fox Entertainment Locations: Hollywood

☆ Tom Brady has always been looking for speed; he had to retire from the NFL to find it
▼ + stars: | 2023-07-20 | by ( Don Riddell | ) edition.cnn.com time to read: +8 min

Tom Brady did it all; he’s a paragon of excellence and a poster child for longevity. If there was anything that Tom Brady lacked, it was speed. “If I couldn’t run that fast, I better figure out a vehicle that could move fast!” quipped Brady. And we’re so lucky to have him.”Legendary quarterback Tom Brady announced his retirement after 23 seasons in the NFL earlier this year. “I’ve done my part in professional football,” said Brady.

Persons: Tom Brady, He’s, Brady, I’ve, ”, Alejandro Agag, who’s, Brady can’t, “, ” Brady, ” Tom Brady, Billie Weiss, ’ Brady isn’t, they’ve, there’s, Didier Drogba, Rafael Nadal, Sergio Pérez, Agag, that’s, Didier, he’s, Rafa, it’s, ” Agag, “ Brady, Harry, There’s, I’ll Organizations: CNN, NFL, New England Patriots, Tampa Bay Buccaneers, Miami Dolphins, Patriots, CNN Sport, world's, Formula, Gillette, Chelsea, Champions League, Premier League, ”, North, Tampa Locations: New England, Jeddah, Saudi Arabia, Venice, Monaco, Rotterdam, Europe, North America, Asia, Miami , New York, Chicago, San Francisco , Hong Kong, Macau, Tokyo, Florida, Foxborough , Massachusetts, Ivory Coast, Spain, Mexican, powerboating, Tampa Bay

☆ It's not just 'Barbie' — as Hollywood goes through upheaval, brands from Nike to John Deere are becoming the new financiers of film and TV
▼ + stars: | 2023-07-20 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

As studios cut spending and strikes shut down production, Hollywood can take some solace — brands are coming to the rescue. Brand Storytelling is an organization that's held a festival for brand content alongside the Sundance Film Festival for the past seven years. Brand film submissions have almost tripled to 160 in the past three years, according to Rick Parkhill, director and co-founder of Brand Storytelling. "Film directors need the work," said Marcus Peterzell, who left ad giant Omnicom to found Passion Point Collective, a brand film studio, in 2019. He's since made some 36 film projects for brands.

Persons: Greta Gerwig, Kyra Sedgwick, John Deere, Kimberly Doebereiner, Chris Paul, Mattel's Robbie Brenner, There's, Jill Lubochinski, Holly Fraser, WePresent, Ron Howard, Brian Grazer's, Reese Witherspoon's, Michael Sugar's Sugar23, we've, Marc Gilbar, Matt Damon, Ben Affleck, Gilbar, that's, Rick Parkhill, Riz Ahmed, WeTransfer, Vicky Grout, Parkill, Saint Laurent, Pedro Almodóvar, David Cronenberg, They're, Marcus Peterzell, Peterzell Organizations: Hollywood, Mattel, Nike, HBO, Procter & Gamble, Tide, Gillette, G Studios, Warner Bros, Discovery, PepsiCo, REI, Dallas Buyers, Sundance, Brand, Brands Locations: —, HBO's, Hollywood

☆ Avid Taylor Swift fans are flashing their dollars to attend the Eras Tour, with some spending up to $20,000 to see her as many times as possible
▼ + stars: | 2023-07-08 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

Taylor Swift's Eras Tour has taken the US by storm as Swifties do all that they can to see it. He's been to the Eras Tour eight times and sat in the front row for five of those shows. "I remember sending a text in 2019 to someone saying if there was ever a Taylor Swift best-of tour, money becomes no object," he said. QuestionPro, a research company, found that the Eras Tour could result in $4.6 billion in consumer spending in the US. That means she's putting upwards of $10,000 towards the Eras Tour, and might spend even more at future dates.

Persons: Taylor, Swifties, Jake, he's, Swift, He's, Taylor Swift, I've, Bridget Doyle, Doyle, —, Christy G, Lindsey Lisalda, Louis, Lisalda, Lindsey Lisalda Megan Crowley, jetting, Swift's, Megan Crowley, Clara Cummings, Megan Crowley Swifties, Kat, She's, Moira Rodriguez, Crowley Organizations: Service, Nashville, Roll Hall of Fame, National Underground Railroad Freedom, Swift's Los, Gillette Locations: Wall, Silicon, Massachusetts, New York, Pennsylvania, New Jersey, Nashville , Tennessee, Nashville, Denver, St, Swiftcation, Glendale , Arizona, Chicago, Kansas City , Missouri, Salt Lake City, Phoenix, Swift's Los Angeles, Arizona, Foxborough , Massachusetts, Glendale, Nebraska, Minneapolis —, HAM

Shortly after the opening bell Wednesday, we'll be selling 100 shares of Procter & Gamble (PG), at roughly $152.50 apiece. Following the trade, Jim Cramer's Charitable Trust will own 515 shares of PG, decreasing its weighting in the portfolio to 2.78%, from 3.3%. The move comes with the S & P 500 having gained about 2% since the start of last week. The market is now moving close to overbought territory, with the S & P 500 Short Range Oscillator at 3.11%. The last time the S & P 500, Dow Jones Industrial Average and Nasdaq Composite declined in the month of July was back in 2014.

Persons: we'll, Jim Cramer's, Gamble, Mills, McCormick, Jim Cramer, Jim Organizations: Procter & Gamble, Procter, Gillette, Dow Jones Industrial, Nasdaq, Constellation Brands, Federal, CNBC, Bloomberg, Getty

Search resuls for: "Gillette"

25 mentions found