The Procter & Gamble Company (PG) reported results for the first quarter of fiscal 2010 with earnings of 97 cents per share, in line with the Zacks Consensus Estimate but down 5.8% year-over-year. Net sales for the quarter declined 5.6% year-over-year to $19.8 billion, as a 3% benefit from pricing and 1% benefit from product mix was fully offset by a 3% decline in unit volume -- a 7% unfavorable impact of foreign currency and a 1% impact of divestitures. However, successful product launches, supported by marketing initiatives, contributed to the top line. Organic sales grew 2% during the quarter driven by pricing and product mix. All three Global Business Units (GBU) witnessed revenue declines during the quarter. The Beauty segment declined 5%, with the low single-digit growth in retail hair care volumes offset by the double-digit decline in Professional salon volume and mid-single-digit decline in female ...

Muscle Flex Inc. announced this morning that it has chosen Showreel International Inc. to produce the Muscle Flex Beagle StepFit(TM) Pedometer 2-minute commercial. The commercial has been scheduled to be filmed on Monday, October 19, 2009 for the November 2009 product launch.

An innovative film and video production company known for thinking out of the box, Showreel delivers intelligent, engaging productions that resonate with their target audience. For 25 years the company has created and produced numerous visually stunning award-winning projects for organizations such as Sony, Alcoa, Revlon, Taser International, Herbal Essences, Johnson & Johnson and Gillette.

The Muscle Flex has made innovation and, most importantly, brand integrity its priority to build unequivocal trust in consumers. Muscle Flex is one of the only companies that offers a lifetime guarantee on most of its products and develops its commercials through positive and energizing

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LOS ANGELES, CA — (Marketwire) — 10/16/09 — Muscle Flex Inc. (PINKSHEETS: MFLI) (www.MuscleFlexInc.com) announced today that it has chosen Showreel International Inc. (www.Showreel.com) to produce the Muscle Flex Beagle StepFit(TM) Pedometer 2-minute commercial to be filmed on Monday, October 19, 2009 for the November 2009 product launch. Showreel is an innovative film and video production company known for thinking out of the box and delivering intelligent, engaging productions that resonate with their target audience. For 25 years Showreel has created and produced numerous visually stunning award-winning projects for organizations such as Sony, Alcoa, Revlon, Taser International, Herbal Essences, Johnson & Johnson and Gillette.

The Muscle Flex philosophy in developing its “As Seen on TV” direct response commercials is one of innovation and most importantly, brand integrity — to build unequivocal trust in consumers in the Muscle Flex name and all of its product brands.

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Procter & Gamble (PG) reported results for the fourth quarter with earnings of $0.80 per share, above the Zacks Consensus Estimate and flat year-over-year. For fiscal 2009, earnings were $4.26 per share, above management’s guidance. Net sales for the quarter declined 10.6% year-over-year to $18.7 billion, as a 5% benefit from pricing was fully offset by a 5% decline in unit volume, a 9% unfavorable impact of foreign currency and a 1% impact of divestitures. However, successful product launches, supported by marketing initiatives, contributed to the top line. Organic sales declined 1% during the quarter. For fiscal 2009, net sales contracted 3.3% to $79.0 billion, driven by a 4% unfavorable impact of foreign exchange, 1% unfavorable impact of product mix and 3% volume decline, which were partially offset by a 5% gain from pricing. Organic sales increased 2% for the year. All three Global Business ...

Procter & Gamble (PG), already one of the world's largest beauty and grooming companies, has acquired the Zirh skincare brand -- a leading super-premium, male grooming brand. Zirh enjoys a unique positioning as a high-end "male only" brand and has one of the most comprehensive skin and shave care lines in the global market. Similar to the recent acquisition of The Art of Shaving, the acquisition of Zirh supports P&G’s Beauty & Grooming segment in building the world's premier male grooming company. The acquisition also broadens the already strong portfolio of male brands, including Gillette, Old Spice, and Braun. Although Zirh is a relatively small, North American-centric business, its super-premium positioning and product line should complement portfolio of P&G. Zirh’s products differentiate themselves through ingredients like natural oils, extracts and botanicals and a focus on the specific skincare needs of men. Energizer Holdings (ENR) ...

Energizer Holdings (ENR), which ranks second after Procter & Gamble (PG) in men's shave products, in June acquired the Edge and Skintimate shave preparation business from Johnson & Johnson (JNJ) for an aggregate purchase price of $275 million. Through the acquisition, ENR will be adding shaving creams and gels to its Schick-Wilkinson Sword razor business.P&G is leader in the U.S. market for men's pre-shave products such as creams and gels, with a 39.2% share, followed by Edge with a 21.5% market share, according to Euromonitor International. In women's pre-shave products, Skintimate leads the market with a 65.7% share, followed by a 25.6% share of Gillette Satin Care, according to Euromonitor. Therefore, we believe the acquisition to be a strategic fit to the existing portfolio of ENR, enabling ENR to compete better with P&G.The global shaving products ...

Procter & Gamble Co. (PG), which offers an outstanding record of positive surprises on earnings, outperformed the Dow ($DJI), S&P 500 (SPX) and NASDAQ (COMP) in 2008.

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Procter & Gamble Company is a major household products and cosmetics company, which manufactures and markets over 300 brand name products in more than 160 countries. The company is well known for impressive product development capabilities, marketing prowess, and a strong global distribution network. Procter & Gamble s products enjoy strong brand name recognition.

In fiscal 2008, the company derived 44% of total revenue from North America, 30% from developing markets, 22% from Western Europe, and 4% from Northeast Asia.

Strong Results Reflect Quarterly Growth

On October 29, 2008, Procter & Gamble reported results for the first quarter of fiscal 2009 ending September 30, 2008. Quarterly earnings (excluding one-time items) were $1.03 per share, increasing 14.4% year-over-year from

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The Procter & Gamble Company (

The Procter & Gamble Company's (PG) management is committed to a growth strategy based on (1) driving volume through product innovation and increasing penetration into developing markets and (2) expanding profitability by focusing on higher margin categories.The plan is meeting with success in terms of top-line expansion, volume growth, and higher earnings. Though the Gillette acquisition was accretive to earnings in fiscal 2008, the gross margin was negatively impacted by increased commodity and energy costs.Taking advantage of recent market weakness that drove P&G's stock to an attractive valuation level, the stock was upgraded to a Buy. The target price of $72.50 is based on a 20 P/E on trailing 12-month earnings.Read the full analyst report on PG "PG" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Procter & Gamble's (PG) management is committed to a growth strategy based on driving volume through product innovation and increasing penetration into developing markets and expanding profitability by focusing on higher margin categories. The plan is meeting with success in terms of topline expansion, volume growth, and higher earnings.

Though the Gillette acquisition was accretive to earnings in fiscal 2008, the gross margin was negatively impacted by increased commodity and energy costs. The Hold recommendation is maintained.

Despite two periods of restructuring, Procter & Gamble has traded in a solid P/E multiple range of 17 to 25 over the last 15 years, reflecting the company's higher-than-average growth profile. We do not expect Procter & Gamble stock to outperform until the current impediments to margin improvement abate, specifically, increased promotional spending to combat recently intensified competition and higher raw material costs. The target price of $78.75 is based on a 22.5

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