The Procter & Gamble Company (PG) Barclays Global Consumer Staples Conference (Transcript)

The Procter & Gamble Company (NYSE:PG) Barclays Global Consumer Staples Conference September 6, 2023 10:30 AM ET

Company Participants

Andre Schulten – Chief Financial Officer

Jon Moeller – Chairman, President, Chief Executive Officer

Conference Call Participants

Lauren Lieberman – Barclay

Unidentified Company Representative

P&G would like to remind you that today’s discussion will include a number of forward-looking statements. If you will refer to P&G’s most recent 10-K, 10-Q and 8-K report, you will see a discussion of factors that could cause the company’s actual results to differ materially from these projections. Additionally, the company has posted on its Investor Relations website, www.pginvestor.com, a full reconciliation of non-GAAP and other financial measures.

Lauren Lieberman

It’s over now.

Unidentified Company Representative

I guess.

Lauren Lieberman

Okay. Good morning. Jon, Andre, thank you very much for being here. I wanted to just maybe get in — let’s get some near-term stuff out of the way.

Andre Schulten

Sure.

Question-and-Answer Session

Q – Lauren Lieberman

Probably we’ll start to move for longer term strategic topics, that I frankly prefer. So first thing is, you know, as the benefit from pricing continue to vein, how do you think about volume progressing both for the industry overall for P&G specifically? And you’re bridging from the 1% volume growth for the market in fiscal ’24 and little more steady state, kind of, medium term level?

Andre Schulten

It’s a couple of things. First of all, if you just look at our situation, the volume progression has come along nicely. So two periods ago minus 6%, then minus 3% then last quarter mins 1% with positive volume growth in a market, the U.S. And we only — we need probably 2%, maybe 3% volume growth on a going forward basis, combined with mis and some pricing that’s associated with innovation to really drive the model I’m confident that we’ll get there.

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