2024-04-19 11:59:02 ET
The Procter & Gamble Company (PG)
Q3 2024 Results Conference Call
April 19, 2024 08:30 AM ET
Company Participants
Andre Schulten - Chief Financial Officer
John Chevalier - Senior Vice President, Investor Relations
Conference Call Participants
Lauren Lieberman - Barclays
Steve Powers - Deutsche Bank
Andrea Teixeira - JPMorgan
Dara Mohsenian - Morgan Stanley
Bryan Spillane - Bank of America
Bonnie Herzog - Goldman Sachs
Olivia Tong - Raymond James
Chris Carey - Wells Fargo Securities
Callum Elliott - Bernstein
Filippo Falorni - Citi
Robert Ottenstein - Evercore ISI
Peter Grom - UBS
Nik Modi - RBC Capital Markets
Kaumil Gajrawala - Jefferies
Mark Astrachan - Stifel
Brett Cooper - Consumer Edge Research
Presentation
Operator
Good morning, and welcome to The Procter & Gamble’s Quarter End Conference Call. Today's event is being recorded for replay.
This 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 reports, you will see a discussion of factors that could cause the company's actual results to differ materially from these projections.
As required by Regulation G, The Procter & Gamble needs to make you aware that during the discussion, the company will make a number of references to non-GAAP and other financial measures.
The Procter & Gamble believes these measures provide investors with useful perspective on underlying business trends and has posted on its Investor Relations website www.pginvestor.com a full reconciliation of non-GAAP financial measures.
Now, I will turn the call over to P&G's Chief Financial Officer, Andre Schulten.
Andre Schulten
Good morning, everyone.
Joining me on the call today is John Chevalier, Senior Vice President, Investor Relations. Execution of our integrated strategy drove solid sales and market share results and another quarter of strong earnings and cash results. The strong results we've delivered in the first three quarters of fiscal 2024 enable us to raise our outlook for core earnings per share and keep us on track to deliver within our fiscal year guidance ranges for organic sales growth, cash productivity, and cash return to shareowners.
Specifically on the numbers, organic sales grew 3%. Volume was in line with prior year, showing sequential progress. Pricing contributed 3 points to sales growth as we continue to annualize price increases taken last fiscal year. Mix was neutral to organic sales growth, and growth across categories continues to be broad based with 8 of 10 product categories holding or growing organic sales in this quarter....
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The Procter & Gamble Company (PG) Q3 2024 Earnings Call Transcript