MAAT INDEX

CLAIM #49078 · Procter & Gamble Company (PG) · 2024Q3 earnings call · Apr 19, 2024 · due Jun 30, 2024

We did not reiterate the top end of the range, but we reiterated the range. And that means 5% is still possible. Is it probable? I don't know. Probably more 50-50 than it was before.

Andre Schulten · CFO

PENDING
graded after results covering Jun 30, 2024 are reported

In context

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 Schulten: We did not reiterate the top end of the range, but we reiterated the range. And that means 5% is still possible. Is it probable? I don't know. Probably more 50-50 than it was before. So the range is valid. I wouldn't point today at the top end of the range. On the SG&A line, we continue to invest in marketing as we discussed in previous question, and we really saw an increase in our marketing spend of about 14% year-over-year. That's the main driver. It's offset by productivity on the SG&A line, but really I would point to continued investment, productive investments to drive market growth and push out our innovation and that's the main driver of the SG&A increase that you're seeing. Operator: The next question comes from Olivia Tong with Raymond James. Olivia Tong: My question is about mix, which flattened out this quarter after about a year and a half of improvement. So, clearly, you guys have been adamant that we're not seeing trade down. But, as you look at this,

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SEC filings for PG · Claim quote is verbatim from the 2024Q3 earnings call.