Summary of Procter & Gamble Conference Call Company Overview - **Company**: Procter & Gamble Company (NYSE: PG) - **Event**: Goldman Sachs Global Staples Forum - **Date**: May 14, 2024 Key Industry Insights - The consumer packaged goods (CPG) industry has faced challenges such as COVID-19 supply chain disruptions, geopolitical tensions, and high inflation, yet Procter & Gamble has demonstrated resilience during these times [3][5][19]. - Procter & Gamble operates in non-discretionary categories, which has helped maintain consumer demand for products like diapers, laundry, and fem care [5][19]. Core Strategies and Performance - **Irresistible Superiority**: The company has focused on enhancing product performance and consumer value, increasing its superiority from 30% in 2016 to 80% [6][8]. - **Productivity Focus**: Procter & Gamble has aligned productivity planning with innovation cycles to ensure sustainable growth and investment [9]. - **Sustainability Initiatives**: The company is committed to reducing its environmental footprint through three pillars: reducing its own footprint, leveraging technologies, and minimizing consumer footprint [9][10]. Supply Chain and Operational Excellence - Procter & Gamble has been recognized as having the number one supply chain in the industry for nine consecutive years, emphasizing the importance of flexibility and capacity to meet demand [14]. - The company has invested in digital capabilities to enhance supply chain resilience, allowing for rapid reformulation of products [15][16]. - Automation and digital tools have improved quality control and reduced manual labor in production processes [16]. Consumer Behavior and Market Dynamics - Despite macroeconomic challenges, Procter & Gamble has not observed significant shifts in consumer behavior, particularly among low-income consumers [19][20]. - The company has maintained stable private label shares and continues to grow volume share, indicating successful brand positioning [20][21]. - In Europe, private label growth has been noted, but Procter & Gamble has still managed to grow its market share [21]. Financial Guidance and Growth Outlook - Procter & Gamble maintains a full-year organic growth guidance of 4% to 5%, with confidence in achieving this target based on underlying business strength [28][29]. - The company anticipates a return to 3% to 4% underlying market growth in the long term, with a balanced contribution from volume and price mix [35][37]. Capital Allocation and M&A Strategy - The priority for capital allocation remains to fully fund the core business, with a focus on organic growth and maintaining dividend payments [57]. - Procter & Gamble is open to M&A opportunities that align with its core business strategy, particularly in daily use categories [57][58]. Additional Considerations - The company is actively working to rebuild brand equity for SK-II in China, which has faced challenges due to negative sentiment towards Japanese brands [54][55]. - Procter & Gamble's approach to pricing and innovation is seen as a key driver for maintaining market growth and share [39][40]. This summary encapsulates the key points discussed during the conference call, highlighting Procter & Gamble's strategies, market dynamics, and financial outlook.

Procter & Gamble is helping lead the consumer staples sector to new heights.In today's growth-driven market, it's easy to get caught up in popular stocks that are capturing the spotlight and overlook the steady performers. A great example is Procter & Gamble (PG -0.59%), commonly known as P&G.P&G is a $393 billion-dollar behemoth that just hit an all-time high, making it the second-most valuable U.S.-based consumer staples company, ahead of Costco Wholesale and just behind Walmart.P&G owns several popular p ...

Boring businesses often produce wonderful investment results.Over the long term, there are fewer tools that investors have that can build wealth quite like the stock market. The S&P 500, for example, has done a wonderful job of bringing investors financial independence. But some businesses have performed even better than the broader market.Take Procter & Gamble (PG 0.49%). In the past 40 years, this consumer staples stock has produced a total return, including dividends, of 14,810%. That means a $10,000 inv ...

If you’re wondering which consumer staples stocks to sell this month, look no further. The consumer is hanging tough. Despite persistent inflation and elevated interest rates, Americans are continuing to spend. The Commerce Department recently reported that retail sales in March rose 0.7%. Data for February reflects 0.9% growth, which was the biggest gain in more than a year, and higher than an initial estimate of 0.6%. Economists polled by the Reuters news agency had forecast that April retail sales would ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Procter & Gamble (PG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.P&G currently has an average brokerage recommendation (AB ...

SHANGHAI, CHINA - NOVEMBER 07: A Procter & Gamble (P&G) logo is seen during the 6th China ... [+] International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 7, 2023 in Shanghai, China. (Photo by VCG/VCG via Getty Images)VCG via Getty ImagesProcter & Gamble Procter & Gamble (NYSE: PG) recently reported its Q3’24 results (P&G’s fiscal ends in June), with revenues missing but earnings exceeding street estimates. The company reported revenue of $20.2 billion and adj ...

NoDerog/iStock Unreleased via Getty Images I presented my bullish view on Procter & Gamble (NYSE:PG) in my initiation report published in December 2023, indicating both price and volume growth may revert to historical trends. They released their Q3 FY24 result on April 19th with 3% organic revenue growth and 11% core EPS growth and raised the full-year EPS guidance. I am confident about their volume recovery in the near future as the inflation starts to moderate. I reiterate 'Buy' rating with a fair value o ...

Earnings Release Q3 FY 2024 Results April 19, 2024 STRATEGY & FOCUS AREAS INTEGRATED AREAS OF FOCUS GROWTH STRATEGY SUPPLY CHAIN PORTFOLIO PERFORMANCE DRIVES ENVIRONMENTAL BRAND CHOICE SUSTAINABILITY SUPERIORITY ORGANIZATION TO WIN WITH CONSUMERS EMPOWERED • AGILE ACCOUNTABLE DIG ...

A history of rising payouts has made this a favorite among income investors.There are growth investors. There are value investors. And then there are some investors who only want dividends.When you're looking for businesses that send their shareholders a check every three months, it helps if the company dominates its industry. It's also beneficial if it has a long and steady history of payouts.Procter & Gamble (PG 0.54%) passes this test with flying colors. In fact, it just raised its dividend for a whoppin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) x TrueQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR o FalseTRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to THE PROCTER & GAMBLE COMPANY (Exact name of registrant as specified in its charter) Ohio OH 1-434 31-0411980 (State of Incorporation) (Commission ...