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CLAIM #40435 · Medtronic PLC (MDT) · 2024Q2 earnings call · Dec 8, 2023 · due Dec 8, 2024

And then and on the bariatric piece, that as we mentioned, it's a small part of our revenue, low-single-digits, and the rate of decline has stabilized there, and I think we see that, that coming back here in the coming year even.

Geoff Martha · CEO

PENDING
graded after results covering Dec 8, 2024 are reported

In context

your bottom line's faster than your top line. But at this stage, it's still early. We're at the beginning of our planning process, and we're going to give you more on FY ‘25 as we are ready to guide. Geoff Martha: Hey, Travis. Good to hear from you. You know, on GLP-1s so, you know, so first of all, I just want to make it clear that, like, we see that it's an exciting class of drugs with a large opportunity. And I'm sure just like you, you know, I talked to many patients that are benefiting from these drugs, from a weight perspective, from mental health perspective, it's pretty amazing. You know, that being said, we've done a lot of work, and outside of the near-term temporary impact on bariatric surgery market we don't see these drugs impacting our growth outlook, even in the long-term. And then and on the bariatric piece, that as we mentioned, it's a small part of our revenue, low-single-digits, and the rate of decline has stabilized there, and I think we see that, that coming back here in the coming year even. So, we did do a lot of work here, and I'm going to you know, it was, like I said, science based and looking at epidemiology and really digging into Select. And what we do have on the call here, our Chief Medical Officer, Dr. Laura Mauri, and I thought I'd, you know, maybe kind of call her in here, bring in a relief picture here on that question to talk a little bit more about Select and kind of what we're seeing out of that. So, Laura, can you can you chime in here? Laura Mauri: Sure. Thanks, Geoff. Yes, Travis, the Select trial results that were presented at AHA gave us a lot more detail beyond the top line that we heard about back in August to really look at the endpoints and look at the drug adherence, understand the details of the trial results. And, you know, as you as you know, thes

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SEC filings for MDT · Claim quote is verbatim from the 2024Q2 earnings call.