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CLAIM #49039 · Procter & Gamble Company (PG) · 2024Q2 earnings call · Jan 23, 2024 · due Jun 30, 2024

On the top line, if you look at the first half, we are right in line with what we're projecting for the year, an average of 5%, and we obviously then expect about 5% for the back half.

Andre Schulten · CFO

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
we obviously then expect about 5% for the back half
Reported
We did not reiterate the top end of the range, but we reiterated the range... Is it probable? I don't know. Probably more 50-50 than it was before.

In context

core sales growth result wasn't as strong as the 7% Q1 delivery, which is very robust result. So obviously some quarterly volatility here. Can you just give us some perspective for the fiscal back half relative to Q2 in light of that first half volatility as you think through some of the key geographies and volume versus price mix, and some of the temporary impacts Jon mentioned? And then just same question on EPS basically, obviously very strong first half that continued in Q2, full year guidance implies a more muted second half. So, is there some conservatism baked in there? Help us understand that. I know Andre touched on it, but maybe give us a bit more detail there on the back half from an earnings perspective. Thanks. Andre Schulten: Yes, morning Dara, let me start and Jon will add. On the top line, if you look at the first half, we are right in line with what we're projecting for the year, an average of 5%, and we obviously then expect about 5% for the back half. We see volatility, as you had pointed out in some geographies that we mentioned in the script. I think the core point though is the core geography, 75% of the sales are performing very well. We continue to see acceleration in volume growth in North America with 4% volume growth, 5% sales growth. Europe is very strong. Latin America very strong. We continue to see volume acceleration in most places. So that gives us confidence that that projects well for the second half of the year. We also expect some of the volatility that we experienced in quarter two to disappear or at least improve in the second half. The SK-II sentiment is improving based on our consumer research in China, and we are continuing to drive innovation, equity investment and really relying on our most loyal and passionate

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