The Procter & Gamble Company (NYSE:PG) Q3 2023 Earnings Call Transcript - Page 7 of 7 - InvestingChannel

The Procter & Gamble Company (NYSE:PG) Q3 2023 Earnings Call Transcript

Over the four years that ended last fiscal year, they created $13 billion in incremental sales, $5 billion in incremental profit.Now, if you bring that forward and look at what happened, what they accomplished in the last quarter, broad based sales growth, sequential progress in shipment volume, value share, volume share, return to gross margin expansion, strong productivity savings, at the same time healthy reinvestments in the top-line and advancing our level of superiority a margin of difference, in-market growth, in-household penetration, if those are the kinds of things our investors want to see, they’re there in spades in the quarter that we just delivered.Last point, I promise, but we’ve talked several times, both Andre and I, about the challenges ahead, and they’re real.

We will continue trying our level best to do — to serve consumers, customers, each other, society and clearly shareowners. But it’s going to be, just as it has been, a bit choppy. And we’re taking a long-term approach here. And if there are choices that are right for the long-term that cause bottom-line difficulty in the near–term, we’re going to make those choices. And we’ll talk more about that as we approach guidance for next year.But if you’re thinking across mid and longer periods of time, I think we’ve got a great setup here, a great strategy, a great set of capabilities that should enable us to serve all those constituents that I mentioned very effectively. But we’re thinking about that in years, not quarters. Thank you very much.Andre Schulten Thanks, everyone.Operator That concludes today’s conference.

Thank you for your participation. You may now disconnect, and have a great day.

Related posts

Advisors in Focus- January 6, 2021

Gavin Maguire

Advisors in Focus- February 15, 2021

Gavin Maguire

Advisors in Focus- February 22, 2021

Gavin Maguire

Advisors in Focus- February 28, 2021

Gavin Maguire

Advisors in Focus- March 18, 2021

Gavin Maguire

Advisors in Focus- March 21, 2021

Gavin Maguire