MAAT INDEX

CLAIM #3008 · Abbott Laboratories (ABT) · 2022Q4 earnings call · Jan 24, 2023 · due Dec 31, 2023

In terms of inflation, we are going to see a carryover impact from last year, still pretty meaningful. But we've been able to mitigate a good portion of that through both our gross margin improvement programs that we have across our businesses as well as taking some price where we can.

Robert Funck · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

flation piece, is that still $1 billion baked into the $4.40 guidance? I just want to make sure I understand what's baked in on the gross margin line. And then anything to call out on the 2023 operating margin expansion some of the moving parts to get the op margin expansion there. It looks like 22% is kind of what's implied by the guide? Robert Funck: Yes. So yes, on the gross -- on the operating margin, yes, we're around 22% kind of where we were pre-pandemic. We're getting the high single-digit growth on the top line kind of in the -- excluding the COVID testing. We're getting leverage down the P&L, which Robert talked about, where we were able forward invest over the last couple of years. So we're going to get leverage in the expense area, and that gets you to around 22% op margin. In terms of inflation, we are going to see a carryover impact from last year, still pretty meaningful. But we've been able to mitigate a good portion of that through both our gross margin improvement programs that we have across our businesses as well as taking some price where we can. Travis Steed: Okay. That's helpful. And a couple of product questions on EP. I think you mentioned the new EP catheter mapping system. I know that was new, maybe I missed that in the past. I'm curious how you're thinking about pulsed-filed ablation and the impact on your EP business. And then the other product question was on Libre. The Vitamin C, is that on Libre 2 or Libre 3 just want to understand the pathway to get vitamin C on Libre 3 and the timing there? Robert Ford: Sure. On the Libre 3, Vit C, I mean it's going to start off with Libre 2. So we want to get that done first, and then we'll progress on to Libre 3. So focus right now is on Libre 2 and then we'll move to Libre 3. On your question on EP, yes, I mean, I think the new catheter that we've launched Japan and start to la

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SEC filings for ABT · Claim quote is verbatim from the 2022Q4 earnings call.