The Procter & Gamble Company (PG) Q2 2023 Earnings Call Transcript

The Procter & Gamble Company (NYSE:PG) Q2 2023 Earnings Conference Call January 19, 2023 8:30 AM ET

Company Participants

Andre Schulten - Chief Financial Officer

Jon Moeller - Chairman, President & Chief Executive Officer

John Chevalier - Senior Vice President, Investor Relations

Conference Call Participants

Dara Mohsenian - Morgan Stanley

Lauren Lieberman - Barclays

Bryan Spillane - Bank of America

Stephen Powers - Deutsche Bank

Olivia Tong - Raymond James

Chris Carey - Wells Fargo Securities

Kaumil Gajrawala - Credit Suisse

Robert Ottenstein - Evercore ISI

Peter Grom - UBS

Andrea Teixeira - JPMorgan

Kevin Grundy - Jefferies

Mark Astrachan - Stifel

Callum Elliott - Sanford C. Bernstein

Chris Pitcher - Redburn

Jason English - Goldman Sachs

Jonathan Feeney - Consumer Edge Research

Operator

Good morning, and welcome to 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, 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. 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. Joining me on the call today are Jon Moeller, Chairman of the Board, President and Chief Executive Officer; and John Chevalier, Senior Vice President, Investor Relations. We're going to keep our prepared remarks brief and then turn straight to your questions.

Execution of our integrated strategies continued to yield good results in the October to December quarter, growing organic sales in nine of 10 categories, holding global aggregate market share, continued productivity savings, improving supply efficiency, sustained investment and superiority of our brands across all five vectors: product, package, communication, go-to-market and value, continue to pay benefits for our consumers and retail partners and in turn, for P&G shareholders.

Progress against our plan fiscal year-to-date enables us to increase the guidance range for organic sales growth and maintain ranges for core EPS growth, free cash flow productivity and cash return to shareowners.