CLAIM #49108 · Procter & Gamble Company (PG) · 2024Q4 earnings call · Jul 30, 2024 · due Mar 31, 2025
“That innovation is now in the market, so again very significant acceleration expected given the innovation just launched in the market over the next few quarters.”
Andre Schulten · CFO
In context
“rofitable part of the business, and so there are some short term implications in terms of base period there. Again, for the longer term, benefit of the China fabric care business, I think that’s the right decision, but it’s part of the softness that you see right now in the current quarter. Baby care, I’ll talk two regions. One is North America - the baby care business on the premium end continues to be doing very well. We have Swaddlers growing share by 1.4%, Cruisers 360 is growing, so on the premium end of the spectrum where we’ve been able to innovate over the past one to two years, we continue to see the momentum accelerating across Pampers. We have an opportunity, we’ve had an opportunity on Luvs, the mid-tier brand, where we postponed innovation due to some supply chain challenges. That innovation is now in the market, so again very significant acceleration expected given the innovation just launched in the market over the next few quarters. In Europe, again base period mostly in terms of share data, and that is something we need to work through, and certainly in Europe baby, I think that’s one of the areas where we’re watching our sufficiency of innovation very closely, simply because the spread versus private label is the most significant, so again the team is working through strong communication and innovation that will be launching here over the next few quarters. Jon Moeller: I’m just going to go in a slightly different direction here, Steve. I fully agree with Andre’s description. There are also categories and sectors that are making really strong progress, that as we annualize the few challenges within them should manifest itself more clearly than it is now, so we’ll have the benefit of those as we go through the year.”
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SEC filings for PG ↗ · Claim quote is verbatim from the 2024Q4 earnings call.