The Procter & Gamble Company (PG) Q3 2019 Earnings Call Transcript

The Procter & Gamble Company (PG) Q3 2019 Earnings Call Transcript

January-March top line growth was strong with organic sales growing 5%, driven by volume, pricing and mix. 8 of 10 categories grew organic sales: skin and personal care again grew in the teens; We delivered strong organic sales growth in our two largest markets: the U.S. up 4%, China up 11%.

Positive mix impact was a one percent help to organic sales due to strong growth in developed markets and disproportionate growth of premium priced products, such as SK-II and Tide Pods.

Beauty segment organic sales increased nine percent versus year ago. Skin and Personal Care organic sales increased mid-teens driven by premium innovation, positive product mix from the disproportionate growth of super-premium SK-II brand and increased pricing.

We're very excited about the DS3 and its potential across a number of our categories from a consumer delight standpoint, from a product efficacy standpoint, from the degrees of innovation. It opens up to us in terms of how we can formulate that product and what we can include with it or put in it. But it is very early days and we are working in transactional environments with consumers today across several categories to understand how we can optimize the potential of this very exciting innovation. And that includes work to understand how it can best be positioned from a branding standpoint. But this is just a wonderful opportunity that allow us a superior forum and multiple different categories, potentially the creation of some new jobs to do as well. So, we're very, very excited about it and thanks for asking about it.

https://globalcosmeticsnews.com/pg-to-launch-waterless-plastic-free-beauty-brand-ds3/

https://seekingalpha.com/article/42...-results-earnings-call-transcript?part=single

https://seekingalpha.com/pr/17483887-p-and-g-announces-fiscal-year-2019-third-quarter-results

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