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CLAIM #48974 · Procter & Gamble Company (PG) · 2023Q4 earnings call · Jul 28, 2023 · due Jun 30, 2024

We also have--we will benefit from capacity investments that we’re making currently.

Jon Moeller · CEO

PENDING
graded after results covering Jun 30, 2024 are reported

In context

st quarters, and again as we strengthen our innovation program even further, that will provide opportunities to continue to benefit from modest pricing. The second thing just to be aware of, and Andre mentioned it, when you have a strong innovation program, it compels consumers to try even better performing products, which typically involves a mix benefit, so you’re going to have some amount of pricing going forward, you’re going to have some amount of mix, which you saw for instance in the last quarter. Volume, the trend is very encouraging, as Andre said, both on a global aggregate basis - two quarters ago, volume was minus-6, last quarter minus-3, this quarter minus-1, and as Andre said, we’ve fully turned the corner and are growing volume at very healthy levels in our largest market. We also have--we will benefit from capacity investments that we’re making currently. We have several categories in the U.S., for example, where we’re currently on allocation on certain forms and freeing up that capacity to fully serve demand, so both retailers and consumers will help as well. Those are just some additional points to consider as you think about this question. Operator: The next question comes from Steve Powers of Deutsche Bank. Please go ahead. Steve Powers: Hey, thanks and good morning, Andre, good morning Jon. I guess it’s resolved the debate as to when you think you can return to on-algorithm growth - as you said, Andre, the ’24 outlook implies that time is now, which is great. I guess the question I’m grappling with is if you are fortunate to see upside as the year progresses, whether it’s from further cost relief, productivity benefits, top line stren

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SEC filings for PG · Claim quote is verbatim from the 2023Q4 earnings call.