CLAIM #40355 · Medtronic PLC (MDT) · 2023Q4 earnings call · May 25, 2023 · due Apr 30, 2024
“And Anthony, on your question on the annual guidance and anything of note on 780G, we expect diabetes to return to good growth in this fiscal year.”
Karen Parkhill · CFO
In context
“ing -- improvement including coronary stents, which has been curiously below the pre-COVID levels for a long time now. So we saw that come up to about 95% of pre-COVID levels for the back half of the year or the back half of the quarter. So look, I'm encouraged, may looks strong. We're moving into a better procedure space for sure, globally. And it was also impressive to see how fast China step back after both the shutdown and the COVID stuff and it happened in the new year, it happens. So I think all the trends are looking up globally, and I think the U.S. is a place we're most encouraged by as we see the recovery of procedure volumes and in cardiology. We saw that with large joints, of course. And I think we're starting to see in cardiology too now, which is encouraging. Karen Parkhill: And Anthony, on your question on the annual guidance and anything of note on 780G, we expect diabetes to return to good growth in this fiscal year. And we noted that we expect it to begin the year below the corporate average, but obviously ramp throughout the year as we bring the 780G to more and more patients in the United States and the consumable revenue off of that comes with it. Anthony Petrone: Very helpful. Thank you. Ryan Weispfenning: Yeah. Thanks, Anthony. Geoff, please go ahead with your closing remarks. Geoffrey Martha: Okay. Thanks, Ryan. All right. Well, okay, everyone. Thanks for the questions. As usual, we really appreciate your support and continued interest in Medtronic. And as I mentioned earlier, we'll be coming to you from ADA on June 25 with an update on our diabetes business and we hope you'll join us for our Q1 earnings broadcast, which we anticipate holding on Tuesday, August 22, where we'll update you on our”
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SEC filings for MDT ↗ · Claim quote is verbatim from the 2023Q4 earnings call.