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Procter & Gamble Company Conference Call Summary Company Overview - **Company**: The Procter & Gamble Company (NYSE: PG) - **Event**: 21st Annual dbAccess Global Consumer Conference - **Date**: June 4, 2024 - **Participants**: - Andre Schulten - Chief Financial Officer - Shailesh Jejurikar - Chief Operating Officer - Steve Powers - Deutsche Bank Key Points Financial Performance - Fiscal 2023 marked the fifth consecutive year with organic sales growth of 5% or better, with organic sales in focus markets up 4% and enterprise markets up 8% [5][6] - Core EPS increased by 15%, and 19% on a currency-neutral basis, driven by productivity improvements [7] - Over $10 billion returned to shareholders in dividends and repurchases, with a 7% increase in dividends announced [9] Market Dynamics - The company is experiencing broad-based momentum, with nine out of ten categories growing organic sales [6] - Global aggregate market share has remained flat or increased over the past three, six, and twelve months [6] - The company anticipates continued volatility in the market due to input costs, currencies, and geopolitical dynamics, particularly in Greater China and parts of Europe and the Middle East [10] Strategic Focus - The strategy emphasizes a portfolio of daily-use products that provide cleaning, health, and hygiene benefits [11] - Commitment to "irresistible superiority" across five vectors: product, package, brand communication, retail execution, and value for each price tier [11] - The company is focused on driving efficiency and productivity improvements, with over $1.3 billion in productivity savings achieved through the third quarter [13] Supply Chain Innovations - Introduction of Supply Chain 3.0, aimed at achieving 98% on-shelf availability and $1.5 billion in gross productivity savings annually [25] - Emphasis on collaboration with retailers to optimize the entire supply chain, reducing costs and improving service [26][27] - Automation technologies, including driverless trucks and autonomous mobile robots, are being tested to enhance supply chain efficiency [29][30] Consumer Trends - The U.S. market is showing a growth trajectory of 4.5% to 5%, with consumers not significantly trading down to private labels [34][36] - In Latin America, particularly Brazil and Mexico, consumption remains strong, while Argentina presents unique challenges [38] - In China, consumer confidence is weak, but the company is focusing on enhancing product offerings to drive growth [46] Challenges and Opportunities - The company acknowledges share loss in certain categories, such as diapers and laundry, but remains confident in its ability to innovate and address these challenges [41][42] - The focus on consumer needs and performance-driven categories is expected to sustain growth despite market pressures [36][37] Future Outlook - The company aims for mid-single-digit organic sales growth and mid to high-single-digit core EPS growth, with productivity improvements expected to support these goals [54] - Cautious optimism is noted for fiscal 2025, with a mixed outlook due to strong markets alongside ongoing challenges [54] Additional Insights - The company is actively managing its portfolio, including divesting from non-core businesses in certain markets to enhance shareholder value [18] - The Hair Care segment in Mexico has seen significant growth, doubling sales and quadrupling profits over four years [20] - The company is leveraging consumer insights to drive product innovation, such as the Always Flexform in feminine care, contributing to organic sales growth [12] This summary encapsulates the key insights and strategic directions discussed during the Procter & Gamble conference call, highlighting the company's performance, market dynamics, and future outlook.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?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 brokera ...

The latest trading session saw Procter & Gamble (PG) ending at $164.65, denoting a +0.07% adjustment from its last day's close. The stock lagged the S&P 500's daily gain of 0.11%. On the other hand, the Dow registered a loss of 0.3%, and the technology-centric Nasdaq increased by 0.56%.Prior to today's trading, shares of the world's largest consumer products maker had gained 0.05% over the past month. This has lagged the Consumer Staples sector's gain of 0.83% and the S&P 500's gain of 5.06% in that time.In ...

RobsonPL/iStock Editorial via Getty Images Investment Thesis I last covered The Procter & Gamble Company (NYSE:PG) in October 2023 with a buy rating, and the stock has performed well, giving ~10% returns since then. Looking forward, the company's growth prospects look encouraging for the coming year. The company's revenue growth should benefit from easier sales comparisons within the SK-II luxury skincare brand in the Chinese market, which has been a drag on the company's sales over the past few quarters. I ...

Core Thesis - Procter & Gamble (P&G) demonstrates excellence in capital allocation, making it a strong long-term investment despite short-term challenges in the Consumer Packaged Goods (CPG) industry [2][19]. Capital Allocation - P&G has invested over $10 billion in share buybacks since September 2022, effectively reducing its shares outstanding by nearly one-third over the past 14 years [3][4]. - The company has a strong dividend history, having increased its dividend for 67 consecutive years, with a current dividend yield of 2.44% [3][19]. - In the last decade, P&G has returned $145 billion to shareholders through dividends and stock buybacks [4][19]. Financial Performance - P&G has achieved over 20% revenue growth and 41% EPS growth since 2020, although recent Q2 results for Fiscal Year 2024 indicate potential short-term headwinds [6][19]. - The company has experienced a 3% overall growth in net sales, primarily driven by price increases, as volume growth is stagnant in most categories [8][12]. Market Challenges - The CPG industry is maturing, with projected sales growth of only 5% CAGR until 2031, leading to increased price sensitivity and competition [12]. - P&G's sales in Greater China have declined by 15%, with premium brand SK-II experiencing a significant 34% drop in sales [8][11]. Competitive Positioning - P&G's strategy focuses on product superiority, allowing it to maintain pricing power despite industry challenges [12][19]. - Successful product innovations, such as the laundry pod and the rebranding of Gillette, highlight P&G's ability to adapt and thrive in a competitive landscape [12][19]. Investment Perspective - P&G is viewed as an excellent long-term hold for investors seeking to reduce portfolio volatility or build a dividend-focused portfolio [17][19].

Procter & Gamble (PG) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this world's largest consumer products maker have returned +1.8%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Soap and Cleaning Materials industry, which P&G falls in, has gained 4.5%. The key question now is: What could be th ...

The Procter & Gamble Company (PG) has been gaining from robust pricing and a favorable mix, along with strength across segments. The company has been focused on productivity and cost-saving plans to boost margins. We note that P&G Professional has been expanding its laundry care lineup with Tide Professional Commercial Laundry Detergent and Downy Professional Fabric Softener.The Tide Professional Commercial Laundry Detergent has been made to clean greasy commercial stains in a single wash. The detergent is ...

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The Procter & Gamble Company (PG) has been focusing on productivity and cost-saving plans to boost margins. The company’s continued investment in the business, alongside efforts to offset macro cost headwinds and balance top and bottom-line growth, underscores its productivity efforts. It is witnessing cost savings and efficiency improvements across all facets of the business.With the introduction of the supply chain 3.0 program in fiscal 2023, the company has been driving improved capacity, greater agility ...