The Procter & Gamble Company: Raising estimates after 2Q sales jump 8%

Procter & Gamble, with headquarters in Cincinnati, and sales in over 180 countries, manufactures daily-use household, personal care, food and paper products. Fiscal 2020 sales were $70.8 billion. The company's major brands include Tide, Gillette, Pampers, Bounty, Crest, Ivory, Head & Shoulders, Scope, Oral-B, Swiffer, Tampax and Charmin. Approximately 47% of sales are from North America, 22% from Europe, 10% from Asia Pacific, 9% from Greater China, 6% from Latin America, and 6% from India, Middle East & Africa. By product category, there are five business segments: Fabric & Home Care (33% of sales); Baby, Feminine & Family Care (26%); Beauty (19%); Grooming (9%); and Health Care (13%). Ivory Soap was one of the company's first and most innovative products. The 'Soap that floats,' was a helpful innovation more than 130 years ago when many Americans still bathed in murky rivers and streams. The company's fiscal year ends on June 30.