MAAT INDEX

CLAIM #48941 · Procter & Gamble Company (PG) · 2023Q3 earnings call · Apr 21, 2023 · due Jun 30, 2024

So, the $125 million [BT] (ph) we've quoted for this year, I would expect the trend to continue to go up into next year.

Andre Schulten · CFO

PENDING
graded after results covering Jun 30, 2024 are reported

In context

tch up, but I would expect a steady return to pre-COVID levels of net structure savings, both the cost and media. Jon Moeller: I agree. Operator: The next question comes from Bryan Spillane of Bank of America. Please go ahead. Bryan Spillane: Thanks, operator. Good morning, everyone. I actually had just one clarification and then a question. The clarification, the $125 million of, I guess, incremental interest expense, can you just give us a little bit more color on that? And again, is that something we need to kind of contemplate in our models as even we look past the fourth quarter? So, I guess, is net interest expense going up? Andre Schulten: Yeah, morning, Bryan. Yes, I mean, obviously, it is, right? Markets are getting more expensive in terms of credit and we are not immune to that. So, the $125 million [BT] (ph) we've quoted for this year, I would expect the trend to continue to go up into next year. Now we are still well positioned relative peer group because we're able to borrow not only in the U.S., but also in euro, in pounds and in yen. So that keeps us very competitive. But nevertheless, we're not immune to those increases, so they will continue to go up into next year. Jon Moeller: And just one piece of perspective there, Bryan. This is Jon. We've understandably, because it's been the primary driver of cost increases, focused our discussion on commodities. But that's not the only cost increase that we're seeing. We've just talked about interest expense. Andre mentioned in his prepared remarks, wages and benefits, which continue to increase. So, I would just encourage us all to gain confidence from what's happened here, but to realize that there are still, as Andre said, many he

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SEC filings for PG · Claim quote is verbatim from the 2023Q3 earnings call.