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PROCTER & GAMBLE COMPANY

(PG)
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Real-time Estimate Cboe BZX  -  01:31 2022-10-06 pm EDT
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Procter & Gamble Brings Relief to Residents Affected by Flooding in Eastern Kentucky With P&G Products and Tide Loads of Hope Laundry Services

08/02/2022 | 04:02am EDT

Procter & Gamble (NYSE:PG):

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220802005369/en/

Tide Loads of Hope Set-Up (Photo: Business Wire)

Tide Loads of Hope Set-Up (Photo: Business Wire)

WHO: Families, individuals and first responders in need of personal care items, cleaning products or laundry services in the wake of the devastating floods in eastern Kentucky.

WHAT: The Tide Loads of Hope Mobile Laundry Unit, powered by Matthew 25: Ministries, has been deployed to support relief and recovery efforts in the wake of the deadly flooding throughout eastern Kentucky. The mobile laundry vehicle will begin services in Hazard, KY at the Walmart Supercenter on Daniel Boone Plz. providing free, full-service laundry to residents affected by the recent floods. Residents can bring clothes (up to two loads per household) to be washed, dried and folded free of charge. All washable clothing types will be accepted with the exception of heavy bedding.

In partnership with Matthew 25: Ministries, P&G will also distribute free personal care kits with everyday essentials as well as cleaning products to meet basic hygiene and home care needs directly into the affected areas of those impacted by the disaster.

WHY: Torrential rainfall has caused devastating flash floods throughout eastern Kentucky. Communities have been severely impacted, resulting in loss of life and tens of thousands without power or access to clean water.

P&G has a history of giving back to the communities where we live and work, and we want to provide everyday essentials to those who need it most to help bring a sense of normalcy in this time of need. These services are free and available to people affected by the disaster and the volunteers who are helping to respond.

WHERE: Starting on Tuesday, August 2, the team will collect laundry from 9 a.m. – 5 p.m. at the location listed below until daily capacity has been reached. The team will also be distributing personal care kits and cleaning supplies directly into the affected areas.

The Tide Loads of Hope mobile laundry unit will be located at:

Walmart Supercenter
120 Daniel Boone Plz, Hazard, KY 41701

**For the most up-to-date information on the location of these services, please visit Tide’s Twitter and Instagram channels at @Tide and https://www.instagram.com/tidelaundry/**

ABOUT TIDE LOADS OF HOPE: For more than 15 years, Tide Loads of Hope has provided free laundry services to families affected by disasters. Created in the wake of Hurricane Katrina in 2005, Tide Loads of Hope is a mobile laundromat that can complete hundreds of loads of laundry per day. In partnership with Matthew 25: Ministries, an international humanitarian aid and disaster relief organization, the program has benefitted over 90,000 families across the U.S. and Canada.

As a key component of Tide Ambition 2030, Tide has committed to expand its Loads of Hope program tenfold, providing clean clothes to millions of people in times of need, with a focus on communities most impacted by climate change. Learn more at https://tide.com/en-us/our-commitment/loads-of-hope.

PRODUCT BRANDS: P&G brands to be distributed include Always, Bounty, Charmin, Crest, Dawn, Febreze, Ivory, Gillette, Microban, Mr. Clean, Olay, Old Spice, Oral-B, Pampers, Pantene, Safeguard, Secret, Swiffer, Tampax, Tide and Venus.

PARTNER: P&G provides these services in partnership with Matthew 25: Ministries, an international humanitarian aid and disaster relief organization. More information can be found at www.m25m.org.


© Business Wire 2022
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Financials (USD)
Sales 2023 81 021 M - -
Net income 2023 14 789 M - -
Net Debt 2023 25 727 M - -
P/E ratio 2023 21,9x
Yield 2023 2,83%
Capitalization 308 B 308 B -
EV / Sales 2023 4,12x
EV / Sales 2024 3,96x
Nbr of Employees 106 000
Free-Float 59,6%
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 129,20 $
Average target price 153,51 $
Spread / Average Target 18,8%
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Managers and Directors
Jon R. Moeller Chairman, President & Chief Executive Officer
Andre Schulten Chief Financial Officer
Vittorio Cretella Chief Information Officer
Victor Aguilar Chief Research, Development & Innovation Officer
Shailesh G. Jejurikar Chief Operating Officer
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