CLAIM #49077 · Procter & Gamble Company (PG) · 2024Q3 earnings call · Apr 19, 2024 · due Jun 30, 2024
“That means mathematically we expect quarter four to be in the 4% to 5% range.”
Andre Schulten · CFO
In context
“sales growth this quarter, which decelerated from the last quarter and just is there anything we should be thinking about as we move we start thinking about our models for next year? Andre Schulten: I would point first to the market growth expectation, which we said we expect markets to be in the range of 3% to 4% in terms of value growth. And that will be a combination of 2 points of volume and 1 to 2 points of price mix. That is still our assumption. Our role per our growth algorithm is to be growing slightly ahead of that by driving market growth, which in turn will drive share and a bigger part of us leading the market. So that would be my answer. On the current fiscal year, obviously, by reiterating guidance of 4% to 5% and being right in the middle of that range fiscal year-to-date. That means mathematically we expect quarter four to be in the 4% to 5% range. And if you project that out, I think with the market growth dynamic I was describing, I think that will give you a good starting point for next fiscal year. Operator: The next question is from Bonnie Herzog with Goldman Sachs. Bonnie Herzog : I just had a quick clarification on your guidance. You maintained your FY '24 organic sales growth of 4% to 5%, but that implies a step up of growth in Q4 to get to the high end of your range. So I guess I wanted to clarify if you still expect to be at the high end or should we assume coming in at maybe the midpoint of your top-line guide for the year is more realistic? And then maybe just a quick question on your SG&A expense, which did step up quite a bit during the quarter. So just maybe hoping for a little more color on the drivers of this. Andre”
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SEC filings for PG ↗ · Claim quote is verbatim from the 2024Q3 earnings call.