PG - The Procter & Gamble Company

NYSE - NYSE Delayed Price. Currency in USD
111.20
+0.29 (+0.26%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close110.91
Open110.97
Bid111.02 x 1300
Ask111.32 x 1800
Day's Range110.65 - 111.75
52 Week Range75.39 - 111.75
Volume6,438,192
Avg. Volume6,934,776
Market Cap278.926B
Beta (3Y Monthly)0.28
PE Ratio (TTM)26.45
EPS (TTM)4.20
Earnings DateJul 29, 2019 - Aug 2, 2019
Forward Dividend & Yield2.98 (2.90%)
Ex-Dividend Date2019-04-17
1y Target Est106.62
Trade prices are not sourced from all markets
  • P&G shares plan for Olympic Games promotion
    American City Business Journals2 days ago

    P&G shares plan for Olympic Games promotion

    Procter & Gamble Co. will collect recyclable plastic such as shampoo or dish soap bottles to fashion all podiums that will be used for medal presentations during the summer Olympic Games in Tokyo next year. The Cincinnati-based maker of consumer goods such as Pantene shampoo and Dawn dish soap  (NYSE: PG) is partnering with the International Olympic Committee and the Tokyo 2020 Organizing Committee on the project. “The Tokyo 2020 Podium Project is an example of how the Olympic Games can be a catalyst to inspire actions that have a positive impact on the environment and society,” said Marc Pritchard, chief brand officer of P&G. “Sustainability is at the heart of this effort … to demonstrate how consumers can participate in reducing plastic waste.” This project also expands P&G’s sponsorship of the Olympic Games.

  • Moody's2 days ago

    Procter & Gamble International Funding SCA -- Moody's announces completion of a periodic review of ratings of Procter & Gamble Company (The)

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Procter & Gamble Company (The) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Barrons.com2 days ago

    China Will Be on Top of the New World Order

    By weaponizing the dollar, the U.S. has opened the door to a reversal in the global power structure, argues Louis-Vincent Gave, a founder of GaveKal Research. What the consequences will be.

  • 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever
    InvestorPlace3 days ago

    10 Stocks That Every 30-Year-Old Should Buy and Hold Forever

    Editor's note: This story was previously published in April 2019. It has since been updated and republished.By the age of 30, you should already have nearly a decade's worth of retirement savings under your belt. If you don't, you're not alone. A recent GoBankingRates survey showed that nearly half of the millennials questioned had no retirement savings at all.If you fall into that camp, keep in mind the old saying "better late than never," because it absolutely applies if you're only just starting to build a nest egg. If you just hit the big 3-0 and you've already been saving and investing for years, bravo; however, 30 is a great milestone to look over your investments and rebalance your portfolio with some of the best long-term stocks out there. InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnlike in your 20s, risk is a much larger consideration a decade later. The market is bound to go up and down, and you have to assess whether or not you could handle a market-wide pullback. Moreover, you will want to keep some powder dry to buy on a dip. Income stocks that pay dividends become important stocks to buy at this stage, but choosing some riskier players shouldn't be completely off the table. * 7 High-Quality Cheap Stocks to Buy With $10 Of course, investors in their 30s should be holding some of their money in an index fund that will provide conservative growth. But here's a look at ten of the best long-term stocks to buy if you're in your 30s.Source: Baron Valium via Flickr Disney (DIS)I recommended Disney (NYSE:DIS) stock when the company's share price dipped below $100 following a racist tweet from Roseanne Barr, the star of one of the company's most successful sitcoms back in 2018. Disney responded by immediately canceling the show and distancing itself from Barr's hateful outburst, but investors worried that the loss of advertising from the canceled show would hurt advertising income.Since then, the market has come to its senses and DIS stock is back to trading above $135 per share.There are a few reasons Disney is one of the best long-term stocks to buy if you're building a portfolio in your 30s. The first is that the company is ripe for a major comeback.Disney is a solid company with a great deal of cash behind it. That means that even in the worst-case scenario, the firm has the money to spend on building out a streaming service from scratch and weather any storms that loom over the media space in the future. The firm also pays a respectable 1.33% dividend yield that will help balance out concerns about growth due to the firm's size.Source: Vivian D Nguyen via Flickr (Modified) Netflix (NFLX)Another player in the streaming space worth considering one of the best long-term stocks to buy is Netflix (NASDAQ:NFLX).If you missed the boat on NFLX back in 2015 when shares were trading below $50, it might be a hard pill to swallow, but NFLX is still an excellent long-term bet despite the fact that its share price is over $345 today.The reason is that Netflix still has a long growth runway before investors should start to worry about the company becoming too large to produce the kind of growth they've become accustomed to. A company like, say, Apple Inc. (NASDAQ:AAPL) has a market cap of nearly $900 billion, making it unlikely that the firm can continue to grow at the same clip over the next decade. Netflix's market cap of $150 billion leaves plenty of space for the firm to catch up to its fellow FAANG peers over the next decade. * 7 High-Quality Cheap Stocks to Buy With $10 NFLX has the growth potential to do so as well. The company has proven that it has a good grasp on the population's ever-changing tastes, and although it has been expensive, Netflix's original content has been a huge draw for subscribers. While the U.S. market has been saturated, NFLX has only just begun its international expansion, leaving a long growth runway for the next few years.Over the past two years, Netflix has been preparing for a major push overseas, and those efforts are due to pay off over the next decade. GHB Insights' head of technology research Daniel Ives said he sees Netflix international expansion opening a potential market of 700 million subscribers in the next 2 years.So, although the streaming space is certainly getting more crowded, NFLX appears to have created a winning formula that makes it one of the best long-term stocks to buy and hold on to. Source: Mike Mozart via Flickr (Modified) Procter & Gamble (PG)As I mentioned above, risk assessment is a huge part of building your portfolio in your 30s, and although you still have plenty of time to let risky bets play out, you should be thinking about adding some low-risk, solid stocks to your portfolio that will keep ticking along as the years go by.Procter & Gamble (NYSE:PG) is one such stock to buy that, although boring, is a buy-and-hold-until-you-retire kind of stock. What makes it one of the best long-term stocks to buy is that the company's management has a long history of maintaining a healthy cashflow and delivering shareholder returns and its 2.90% dividend yield will provide a reliable income.Not only that but PG's widely diversified business offers investors some security in times of economic trouble. Plus, PG sells a wide variety of necessities like toothpaste and soap, which are unlikely to take much of a hit even in the case of a recession.Increased competition is definitely something to keep in mind when considering PG, but the firm's strong financial position means it has the leeway to refocus its strategy and continue thriving in difficult conditions. Exxon Mobil (XOM)If you haven't started wading back into oil and gas stocks yet, now's your chance. Now that oil prices are starting to recover, it's worth revisiting the industry. The crash in crude oil prices helped weed out weaker firms and those that survived are coming back stronger than ever with more efficient operations and better future prospects. However, worries about oversupply are still in the forefront of investors mind, which has kept the sector from becoming too expensive.Exxon Mobil (NYSE:XOM) is one of the best long-term stocks to buy for a few reasons. First, the company's share price is still well below its 2015 highs, giving it plenty of room for a turnaround in the coming years. XOM stock is also working on an aggressive new strategy that includes a $2 billion pipeline in the Permian Basin. The firm also sees potential opportunities in Guyana and Brazil which are expected to help XOM ramp up production significantly over the next few years. * 7 High-Quality Cheap Stocks to Buy With $10 Of course, oil prices will play a major role in whether or not XOM's plans are successful, but what's nice about owning Exxon shares is the fact that the company's integrated structure means it's not a direct oil play. So, although that means XOM won't see the same kinds of gains some of its peers do if oil prices spike, that also means it won't suffer the same losses should the opposite occur. XOM also pays out a 4.9% dividend that has been raised every year for the past 36, taking the edge off some of the risk.Source: Shutterstock Walmart (WMT)Discount superstore Walmart (NYSE:WMT) is often overlooked by investors because Amazon.com (NASDAQ:AMZN) tends to be their first choice. While I don't disagree that Amazon is still one of the best long-term stocks to buy, worries about WMT's future are largely overdone. Since being scathed by the ecommerce takeover a few years ago, WMT stock has made an impressive recovery and although the firm is still facing some headwinds, it's a solid stock to buy.Judging by the company's improving e\commerce sales, it looks like Walmart is on the right track to competing against the likes of Amazon. Source: Shutterstock Amazon (AMZN)You'd have to be living under a rock to not have heard all the buzz surrounding Amazon over the past few years. If you haven't jumped on the AMZN stock bandwagon yet, though, there might still be time. Of course, you'd be much better off if you'd bought Amazon stock in 2012 when it was trading at just $200 per share, but the company still is one of the best long-term stocks to buy today.It might seem counterintuitive to consider AMZN when you look at the firm's massive $913 billion market cap and the fact that the company pays absolutely no dividends. Not to mention, AMZN stock has proven to be extremely volatile. However in your 30s you've still got time, and that means there's space in your portfolio for a little bit of wiggle room if you're comfortable with it. * 7 High-Quality Cheap Stocks to Buy With $10 Aside from its dominance in e-commerce, Amazon is also a top dog in cloud computing, an industry destined to grow exponentially over the next few years. On top of that, AMZN is spreading its wings in a wide variety of industries including grocery and logistics and there are even rumors that the firm is working to make its way into the healthcare space as well.It's hard to imagine AMZN's market cap getting much larger, but 30-somethings would be remiss not to consider Amazon stock to juice up their gains over the next five or 10 years. Source: Shutterstock Berkshire Hathaway (BRK.B)It would be impossible to talk about the best long-term stocks without including Berkshire Hathaway Inc. (NYSE:BRK.B), run by legendary investor Warren Buffett. Of course, if you're 30 and just picking up Berkshire Hathaway stock now, then you're about to miss the boat in terms of benefiting from Buffett's infamous investing sense. However, that doesn't make BRK.B a bad long-term pick. The company has new fund managers at the helm who've already started taking over some of the firm's investment decisions and you can't argue with the value the firm already possesses. Berkshire has a roundup of defensive stocks that will help the firm ride out troubled markets, but the firm will also keep up with upward market trends. If nothing else, Berkshire stock is a great stabilizer that will round out your portfolio and mitigate against major market events making it one of the best long-term stocks 30-something crowd.Source: Flickr> Unilever (UN)Another consumer products stock to add to your list of the best long-term stocks is Unilever (NYSE:UN). The company has become massively efficient after undergoing major cost-cutting initiatives over the past few years in order to better compete as the industry became more and more competitive.That bodes well for the future because it means the company will be well prepared in the event of a recession, not to mention that the company sells a wide variety of basic necessities, which tend to continue selling even when purse strings are tight. * 7 High-Quality Cheap Stocks to Buy With $10 Another reason UN makes for a good stock to buy is the firm's presence in emerging markets. In 2017, more than half of the company's reported sales came from emerging markets. The company's huge footprint within emerging markets sets it apart from its peers because it creates a great long-term growth runway that others don't have access to. Source: Shutterstock Microsoft (MSFT)Another steady-stock to buy in your 30s is Microsoft (NASDAQ:MSFT). Like a few others on this list, MSFT stock isn't exactly the most exciting stock, but it will do its job and make you some money. Unlike others in the IT industry, MSTF is mature which, in this case, translates to stability rather than falling out of touch with what consumers want. Right now MSFT is working to pivot away from its traditional software business and focusing on growth in its cloud business, which includes subscriptions like Office 365 as well as Azure, Microsoft's answer to Amazon Web Services. Growth in that arm of MSFT's business has been strong. With a P/E of 29 and a dividend yield of just 1.5%, there's no doubting that MSFT is an expensive stock, but you're paying a premium for a well run, solid business that has and will continue to withstand the test of time. Source: Shutterstock Waste Management (WM)It's all well and good to invest in the next hot tech trend or retail story, but if you really want to make a play on future trends then look no further than Waste Management (NYSE:WM), the company that handles everyone's garbage. One thing is for certain, over the next few decades people are going to generate waste, and WM will be there to dispose of it. That makes it one of the best long-term stocks to buy.Not only does WM have a wide moat because of the regulatory permits it holds and its huge network of landfills, but the firm has also diversified its business to offer more than just waste collection and landfill maintenance. Waste Management also handles recycling and has been developing a way to turn landfill gas into energy. That means that as greener living continues to gain traction, WM will benefit as well. * 7 High-Quality Cheap Stocks to Buy With $10 However, perhaps the most alluring reason to add WM stock to your portfolio is the firm's 1.87% dividend yield. The company has been raising its dividend annually for the past 15 years and there's no reason to expect that to stop anytime soon.As of this writing, Laura Hoy was long AMZN, AAPL, UN and NFLX. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever appeared first on InvestorPlace.

  • Business Wire4 days ago

    P&G and Tokyo 2020 Announce The Podium Project – The First-Ever Medals Podiums Created From Recycled Plastic for Upcoming Olympic Games and Paralympic Games

    Today, in partnership with the Tokyo 2020 Organizing Committee, and the International Olympic Committee (IOC), Procter & Gamble (PG) announced that for the first time in Olympic and Paralympic Games histories, all medal podiums will be created entirely from recycled materials – and consumers can directly contribute. The Tokyo 2020 Podium Project officially kicks off on Thursday, June 13th, in host-country Japan, inviting members of the community to collect their plastic items, like shampoo and dish detergent bottles, and bring them to the nearest AEON Group store location, major Japanese retail chain, for recycling. Collection boxes for discarded plastic will be provided in more than 2,000 AEON Group locations across the country, including AEON, AEON Style and MaxValu.

  • Procter & Gamble: Valuation Might Restrict the Upside
    Market Realist4 days ago

    Procter & Gamble: Valuation Might Restrict the Upside

    Procter & Gamble (PG) stock has risen 18.3% on a YTD (year-to-date) basis. The stock is trading at a forward PE ratio of 23.2x.

  • These Cincinnati CEOs are paid the most compared with average worker: SLIDESHOW
    American City Business Journals4 days ago

    These Cincinnati CEOs are paid the most compared with average worker: SLIDESHOW

    Half of Cincinnati public company CEOs’ 2018 pay was at least 100 times that of their companies’ average worker. That’s one of the key findings in a Courier analysis of CEO pay for fiscal 2018.

  • Procter & Gamble (PG) Gains As Market Dips: What You Should Know
    Zacks5 days ago

    Procter & Gamble (PG) Gains As Market Dips: What You Should Know

    Procter & Gamble (PG) closed the most recent trading day at $109.38, moving +0.61% from the previous trading session.

  • Higher Pricing Will Likely Drive Procter & Gamble’s Sales
    Market Realist5 days ago

    Higher Pricing Will Likely Drive Procter & Gamble’s Sales

    Procter & Gamble’s (PG) top line has taken a hit due to currency fluctuations. However, the company's organic sales have been impressive.

  • P&G rolls out clinical study to boost new razor
    American City Business Journals5 days ago

    P&G rolls out clinical study to boost new razor

    Procter & Gamble is touting a new clinical study involving the recently launched Gillette SkinGuard razor, which indicated that men’s razor bumps were reduced on average by 60 percent after using the product.

  • Will Procter & Gamble Stock Maintain the Uptrend?
    Market Realist5 days ago

    Will Procter & Gamble Stock Maintain the Uptrend?

    Will Procter & Gamble Stock Maintain the Uptrend?Procter & GambleProcter & Gamble’s (PG) impressive financial performance in the first nine months of fiscal 2019 has driven its stock higher. Procter & Gamble shares have risen

  • Don’t Bug Out! Zevo’s Line of Insect Sprays and Traps Offers Peace of Mind Heading Into Anticipated Summer Insect Spike
    Business Wire5 days ago

    Don’t Bug Out! Zevo’s Line of Insect Sprays and Traps Offers Peace of Mind Heading Into Anticipated Summer Insect Spike

    With A Buzzing Bug Season On The Horizon, Zevo Effectively Outsmarts Insects While Being Safe For Use Around People And Pets*

  • Research Reveals Gillette® SkinGuard Reduces Incidence of Razor Bumps by More Than 60%
    Business Wire5 days ago

    Research Reveals Gillette® SkinGuard Reduces Incidence of Razor Bumps by More Than 60%

    In a new 12-week clinical study, SkinGuard users experienced a significant reduction in the incidence of Razor Bumps , the most common shave related skin

  • Markit5 days ago

    See what the IHS Markit Score report has to say about Procter & Gamble Co.

    Procter & Gamble Co NYSE:PGView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for PG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PG. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding PG are favorable, with net inflows of $8.91 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. PG credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Here’s What Hedge Funds Think About The Procter & Gamble Company (PG)
    Insider Monkey5 days ago

    Here’s What Hedge Funds Think About The Procter & Gamble Company (PG)

    You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund managers like Jeff Ubben, George Soros […]

  • P&G to provide baby changing tables for men’s restrooms as part of ad campaign
    American City Business Journals6 days ago

    P&G to provide baby changing tables for men’s restrooms as part of ad campaign

    Procter & Gamble intends to provide 5,000 baby changing tables for men’s restrooms to help promote Pampers diapers as part of an advertising campaign, which includes a new commercial featuring musician John Legend.

  • Procter & Gamble Stock Appears to Be Getting a Little Rich
    InvestorPlace6 days ago

    Procter & Gamble Stock Appears to Be Getting a Little Rich

    If you were lucky enough to buy Procter & Gamble (NYSE:PG) last June at its 52-week low of $73.60, today you're sitting on a 48% unrealized profit. That's an impressive haul, particularly from Procter & Gamble stock, which doesn't necessarily have a high-growth reputation.Source: Mike Mozart via Flickr (Modified)In fact, the PG stock price has performed so well that shares have now exceeded their all-time high of $108.68. If you're a momentum investor, PG has gained almost 9% in the last three months alone.And if you're dividend investor, Procter & Gamble stock still yields an attractive 2.8%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, if you're not a buy-and-hold investor and are sitting on profits, you might want to take them. And if you're contemplating buying because the PG stock price is on a roll, you might want to think twice. Here's why. Free Cash Flow and the DividendGood companies grow their free cash flow and dividend payments. Dividend investors look for these two things in a business. Procter & Gamble has increased its payout for 63 years, making it a Dividend Aristocrat. * 7 S&P 500 Dividend Stocks to Buy That Yield 4% or More A quick look at PG's FCF in 2018 shows that it grew 19% from $9.4 billion in 2017 to $11.2 billion this past year. That's a plus. However, if you go back five years, it's only grown by 2.6%. Meanwhile, the annual dividend payment's increased by 30% to $2.98 a share.Not surprisingly, its long-term debt over the past five years has grown by 12% from $19.1 billion in 2013 to $21.4 billion at the end of this year's third quarter. If FCF is not growing fast enough, taking on more debt becomes necessary to perform critical functions. These include dividend payments share repurchases, and other actions. How Expensive Is the PG Stock Price?Value investors like to buy stocks whose FCF yields are 8% or higher. FCF yield is defined as FCF divided by enterprise value (market capitalization plus short- and long-term debt less cash).Its current FCF yield is 4.1% (trailing-12 month FCF of $11.9 billion divided by enterprise value of $289.6 billion). Its current dividend yield is 2.8%. Together, they're 6.9%.In June 2014, PG's free cash flow was $10.1 billion. Its enterprise value was $239.6 billion for an FCF yield of 4.2%. The company's dividend yield at the end of fiscal 2014 was 3.1% for a combined total of 7.3%, 40 basis points higher than today.The big positive if you own Procter & Gamble stock today is that it does a much better job generating FCF from its earnings. In 2014, it created 86 cents of FCF from every dollar of earnings. Today, it makes 99 cents of FCF using the same framework.But the big problem with Procter & Gamble stock is that the underlying sales growth is atrocious.In the first nine months of 2019, PG grew sales by 0.52% or $261 million. Of its five reportable segments, two had decent-sized declines year over year. If not for the 4.3% growth rate from its beauty division (the company's third-largest segment), 2019 would be a write-off.On the bottom line, it's not much better. For instance, pre-tax income is up less than 1% in the first nine months of the fiscal year. If not for Trump's tax cut, its net profits wouldn't be nearly as substantial. The Bottom Line on Procter & Gamble Stock Trading at 24.1-times FCF with very little in the way of sales or earnings growth, here's the plain truth: the PG stock price is anything but cheap.However, the fact that it's doing a better job converting net income to FCF than in the past suggests it's probably fairly valued at this point or maybe a little on the expensive side.Are there better options? Probably. But who can resist the dividend?At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post Procter & Gamble Stock Appears to Be Getting a Little Rich appeared first on InvestorPlace.

  • Pampers Announces Commitment to Provide 5,000 Baby Changing Tables for Installation in Public Restrooms
    Business Wire6 days ago

    Pampers Announces Commitment to Provide 5,000 Baby Changing Tables for Installation in Public Restrooms

    Cue the search for a changing table, only for dad to find there’s nowhere for him to change that stinky booty in the men’s restroom. It’s an all too familiar story that’s happening across the country, with new Pampers research revealing that 9 out of 10 dads have gone into a public restroom that has not had a baby changing table1. Pampers, the #1 choice of parents2 recognizes dads are more hands-on than ever and wants to help enable them to take the best care of their babies.

  • Former P&G brand manager hired as marketing chief of global health care firm
    American City Business Journals9 days ago

    Former P&G brand manager hired as marketing chief of global health care firm

    A 12-year veteran of Procter & Gamble has been tapped as chief marketing and innovation officer of Vyaire Medical, a global firm focused on respiratory care.

  • P&G ramps up Russia investment
    American City Business Journals9 days ago

    P&G ramps up Russia investment

    Procter & Gamble plans to increase investment in the company’s manufacturing and distribution operations in Russia by $37 million this year.

  • Business Wire10 days ago

    P&G to Webcast Presentation From the Deutsche Bank dbAccess Global Consumer Conference, June 13

    Jon R. Moeller, Vice Chairman and Chief Financial Officer of The Procter & Gamble Company will be a featured speaker at the Deutsche Bank dbAccess Global Consumer Conference in Paris on Thursday, June 13, 2019 at 8:30 A.M.

  • Reuters10 days ago

    REFILE-UPDATE 4-Nike 'very concerned' about rape accusation against Brazilian soccer star Neymar

    Nike Inc is "very concerned" about a rape accusation against Brazilian soccer star Neymar, the world's largest sportswear maker said on Thursday, raising questions about its sponsorship of one of the sport's most famous players. Nike issued a statement a day after a woman said in an interview with Brazilian SBT TV that Neymar had raped her in a Paris hotel last month. Neymar denied the allegation in an Instagram post and has said the woman was trying to extort him.