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CLAIM #49044 · Procter & Gamble Company (PG) · 2024Q2 earnings call · Jan 23, 2024 · due Jun 30, 2024

So that gives us confidence that the top line growth that we've been delivering should continue, just as Andre said, and that should provide the ability to continue to deliver decent levels of bottom-line growth as well.

Jon Moeller · CEO

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versus commitment · official band 5 percent
Committed
the top line growth that we've been delivering should continue... should provide the ability to continue to deliver decent levels of bottom-line growth as well
Reported
Organic sales growth for the fiscal year was 4%

In context

reiterate how encouraging that progress has been. We've said it before, but it's worth saying again in our largest market, North America, past five quarters, minus 30, plus two, plus three, plus four. Europe, which tends to be fairly price sensitive, volumes, plus three. So that gives us confidence in terms of the momentum of the business on a forward basis. The other thing I would just call out that adds to this discussion is the breadth of the top line progress that the team has been making. Eight out of 10 categories held or grew sales in the quarter that we just completed, 21 of our top 25 brands did the same. And if you look at our top 12 brands, nine of those are growing at high singles or better rates. And that's inclusive of all the challenges that we're managing around the world. So that gives us confidence that the top line growth that we've been delivering should continue, just as Andre said, and that should provide the ability to continue to deliver decent levels of bottom-line growth as well. Operator: The next question comes from Bryan Spillane of Bank of America. Please go ahead. Bryan Spillane: Thanks, operator. Good morning, everyone. I want a clarification, Andre, to your answer to Dara's question. And then I have a question. So, the clarification, I think when you responded regarding organic sales growth for the back half and tacking to the year, the 5%, is it that Procter is tracking to 5% organic sales for the year? Or were you saying an expectation for 5% organic sales growth for the back half? I wasn't quite sure if you were talking full year or specifically about the back half. Andre Schulten: Hi, Bryan. No, what I was talking was the full year expectation. So again, we reiterate the range of four to five, but we see the possibility and strong probability that we'll

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