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CLAIM #49001 · Procter & Gamble Company (PG) · 2024Q1 earnings call · Oct 18, 2023 · due Jun 30, 2024

We would expect that to be around 2% -- 1% to 2% of pricing and maybe a point of mix impact.

Andre Schulten · CFO

PENDING
graded after results covering Jun 30, 2024 are reported

In context

e go ahead. Steve Powers: Thanks. Good morning, Andre. I guess just picking up on your comments on organic growth over the balance of the year, maybe you could talk a little bit more about how you're thinking about the progression of price versus volume versus mix over the remainder of the year. And then I'm curious as to whether your approach to balancing those various drivers differs at all between your focus markets, particularly the US and the enterprise markets where you're experiencing more of the currency headwinds? Thank you. Andre Schulten: Good morning, Steve. We -- as we said in the prepared remarks, we expect the market to return to a lower, more sustainable growth rate more in line with historical growth at around 4%. That will have a stronger contribution on the volume side. We would expect that to be around 2% -- 1% to 2% of pricing and maybe a point of mix impact. That will occur over the next few quarters and as always, P&G is intending to grow ahead of the market. So really, our expectation for the year is to be slightly ahead of the market in terms of volume and slightly ahead in terms of price. We continue to believe that we can price with strong innovation. And we have gained even more confidence over the past two years that our strategy of pricing with innovation to drive superiority and create value for the consumer is working. And so we fully expect to return to that pattern. And again, pricing has been a core component of our growth for 18 out of the last 19 years, so we expect that to continue. Specifically, I think the pricing will start to lap in quarter two. So you will see probably the price contribution drop to -- by 3 to 4 points in

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SEC filings for PG · Claim quote is verbatim from the 2024Q1 earnings call.