Procter & Gamble (PG): A Stock With Long Term Growth Prospects

The consumer goods giant Procter & Gamble (PG) has shown resilience to recession and steady earnings that can outpace inflation.

Procter & Gamble owns hundreds of household chemicals, care goods, child products, cosmetics, etc. brands. The business can rely on strong sales of such a portfolio in all cases, since people need to do house cleaning, laundry and take care of children regardless of the market situation. Procter & Gamble, however, had to transform its company a few years ago to prevent losing markets in which it appeared to have a good position. The explanation for the loss of market share was the appearance of new low-cost goods, including in online retailers, in the early 2000s. As a result the company had serious rivals in some places who managed to draw customers.

In order to stay in the leading positions, Procter & Gamble was forced to adjust. Careful work with customer data and the intensification of direct sales is the key to improvement. The business has changed its approach to advertising as part of this strategy: the Internet is much more used in consumer contact, and the share of other marketing platforms is decreased.

Now the emphasis is on direct sales. Procter & Gamble, acquired the Billie women’s goods brand in January, which is a direct-to-consumer brand that can effectively leverage the Procter & Gamble’s latest marketing campaign, based on the data.

Procter & Gamble helps to increase the e-commerce market with the chosen approach. Online sales revenue rose 50 percent year-on-year in the last quarter and now accounts for around 12 percent of overall revenue.

Procter & Gamble is now investing in a number of technologies. The company launched new products at the beginning of the year at the consumer electronics show, from a heated Gillette razor to a robot carrying toilet paper.

Procter & Gamble thus remains a company with a wide variety of common goods, but at the same time modernizes itself and can already work with customers directly and deliver innovations.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


As a dividend aristocrat, Procter & Gamble (PG) still retains its standing, having paid dividends over the past 64 years. The stock was worth $136.65 at ring of the bell on Tuesday.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Recent Articles

The Fundamental Debate on TransEnterix Inc (TRXC) For or Against?

TransEnterix Inc (NYSE: TRXC), which manufactures the Senhance robotic surgical system, has received approval from European regulators for its use. The news pushed TransEnterix's...

Is Micron Technology (MU) Better Pick Right Now?

A trend has been developing since October 2020 for Micron Technology Inc. (NASDAQ: MU). Looking back at the past, we will examine various forward...

Aurora Cannabis’ (ACB) Prospects In The Slow Cannabis Market

The Democratic win in the latest US elections and industry surveys have substantially resurrected the cannabis market, as a result of which shares of...

Is IMAX Corporation Looking Forward To A Good Year?

The movie theatre operator IMAX Company (IMAX) may be one of the winners of the delayed market for large-screen movie premieres. The recent announcement...

Shares of DermTech (DMTK) Risen 186% Over A Month

After announcing that its test had earned insurance coverage, the shares of biotech firm DermTech, Inc. (DMTK) started rising last month. The rally is...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.