PROCTER & GAMBLE COMPANY

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Delayed Nyse  -  05/19 04:03:10 pm EDT
141.70 USD   -2.30%
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P&G recalls dry shampoo, conditioner sprays over cancer-causing chemical

12/20/2021 | 10:43am EDT

Procter & Gamble has issued a voluntary recall involving some of its conditioners and shampoos in the United States and Canada due to the presence of a potentially cancer-causing chemical.

The recall covers nearly three dozen products that were found to have increased and "unexpected" levels of the carcinogen benzene.

The recall affects dry shampoo spray products from Pantene, Aussie, Herbal Essences and Waterl<ss.

The company warned that exposure to benzene through inhalation, orally and through the skin could result in leukemia and blood cancer in the bone marrow.

Procter & Gamble said there haven't been any reports of issues related to the recalled products, and it's making the move "out of an abundance of caution."

"While benzene is not an ingredient in any of our products, our review showed that unexpected levels of benzene came from the propellant that sprays the product out of the can," the company said in a statement.

The company produces mousses, hairsprays, liquid shampoos and conditioners and styling products.

Last month, the conglomerate recalled Old Spice and Secret aerosol sprays after similarly detecting a presence of benzene.

Click here for more information about the Procter & Gamble recall.

Copyright 2021 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source US Top News

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Financials (USD)
Sales 2022 80 184 M - -
Net income 2022 14 842 M - -
Net Debt 2022 23 847 M - -
P/E ratio 2022 24,3x
Yield 2022 2,46%
Capitalization 340 B 340 B -
EV / Sales 2022 4,54x
EV / Sales 2023 4,38x
Nbr of Employees 101 000
Free-Float 59,8%
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 141,70 $
Average target price 167,45 $
Spread / Average Target 18,2%
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Managers and Directors
Jon R. Moeller Vice Chairman, President & Chief Executive Officer
Andre Schulten Chief Financial Officer
David S. Taylor Executive Chairman
Vittorio Cretella Chief Information Officer
Victor Aguilar Chief Research, Development & Innovation Officer
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