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CLAIM #49146 · Procter & Gamble Company (PG) · 2025Q1 earnings call · Oct 18, 2024 · due Mar 31, 2025

But I think logically, we have to expect some level of progression going into quarter two, but it will be the overarching effect that I still want to call-out is the headwinds are still with us in quarter one and in quarter two.

Andre Schulten · CFO

PENDING
graded after results covering Mar 31, 2025 are reported

In context

I think. So we won't attempt that. That's why we have the range that we have communicated. I would expect sequential improvement simply because of the mass of annualization. So we expect any deceleration to not offset the base effect. But that's where it ends. Again, as we've communicated, if China is simply annualizing, that would point to the mid end -- midpoint of the guidance. If it does anything better than that, that would help us towards the upper-end. If it continues to decelerate throughout the year, that would point us to the lower-end of the guidance range. I won't make any prediction what the pace or the direction by quarter is. On the progressions per quarter, look, we don't give you quarterly forecast for a reason. We need some level of flexibility to manage across quarters. But I think logically, we have to expect some level of progression going into quarter two, but it will be the overarching effect that I still want to call-out is the headwinds are still with us in quarter one and in quarter two. Operator: The next question will come from Robert Ottenstein of Evercore ISI. Please go ahead. Robert Ottenstein: Great. Well, you guys have done a fantastic job, obviously in the US and Europe. So I want to circle back to China on a more bigger picture basis. By my estimates, it looks like your sales are now down 20% to 25% over three years. So three years of consecutive declines. And so the question is, are there structural changes in the Chinese market or the Chinese consumer that need to be addressed and what you're doing to do to address those changes? And I think you also mentioned in terms of SK-II that you're starting to push that brand a little bit more now. So are there -- are you starting to see some green-shoots with the consumer and the appreciation of that brand and the abil

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SEC filings for PG · Claim quote is verbatim from the 2025Q1 earnings call.