company PG - SteadyBase

steadybase-$ company PG

account_id none on file

legal_name PROCTER & GAMBLE Co

ticker PG

cik 80424

domain pg.com

linkedin_company_url https://www.linkedin.com/company/procter-and-gamble/

entry_point_account_id none on file

name Procter & Gamble Company

exchange NYSE

sector Consumer Discretionary

hq Cincinnati, OH, United States

irhttps://www.pginvestor.com/overview/default.aspx

sector index/company/sector/consumer-discretionary/

calls 7 filings 10 executives 15 family 0

why_nownone on file

calls

I think most importantly, the team is doing a great job in putting SK2 on a solid footing, both from a channel perspective, making sure that the pricing across different channels, travel retail, domestic travel retail, and domestic markets is in a sustainable place. They are investing in the core equity of the brand with a new campaign, and they are building retail support and trial.

Jul 28, 2023 / receipt, needs a key / Chris Carey, other | earnings call 2023-07-28 | transcript 8749adf9-9767-4e9a-9fc1-a5375b541e12 | chars 50850-51236 | segment 52

If you dramatically simplify the SK2 business, you would simplify it historically into two primary channels. One is travel retail, and the other is department store. And in both of those channels, it's typically been a counseled product, meaning there's a knowledgeable person in the store to help you understand the benefits of the product and which elements are right for you. With COVID, travel retail largely closed. In many parts of Asia, inability of counselors to go to work for the multitude of reasons we're all familiar with, including some regulatory prohibitions. If you look at Japan, you have that dynamic. Plus you have what was a major source of business, which was Chinese travelers going to Japan to department stores, to buy product, to bring back to their friends and family. That's not happening. So when you ask why is SK two currently soft, those are the reasons. And, uh, as Andre indicated, uh, has nothing to do with the equity or strength of the brand. We've converted, and I really applaud the team for doing this, a fair amount of that purchase from those channels to more local channels that support local consumption, but still the impact has been significant.

Jan 19, 2022 / receipt, needs a key / Andre, other | earnings call 2022-01-19 | transcript b7e785d9-4147-41b6-93a8-9843067929a6 | chars 45653-46844 | segment 46

And on SK2, what David said is certainly right. Growth is very strong, 13%, as David mentioned, for the fiscal year, but 35% for quarter four. The pricing taken was mid-singled, so by far there's a significant volume component to it. As the team shifted consumption into high non, which is a big part of the offset to travel retail reduction. So again, the growth on SK2 is both volume and price mix driven.

Jul 30, 2021 / receipt, needs a key / David, other | earnings call 2021-07-30 | transcript 1a715b03-51a0-4480-bf26-04282b7c7ee8 | chars 56071-56478 | segment 57

First, you mentioned our beauty businesses, specifically SK-II. I'm very pleased, if I just take SK-II as an example, you would have expected it to get hit very, very hard because of travel retail. virtually stopping in Asia, and it's certainly a huge channel. But the team pivoted amazingly well and was able to actually grow the business. Last year, the business was up double digits, up 13%. So SK2 is actually healthy and continues to grow nicely because the consumption that did not happen in tribal retail happened in the home market. And then there was the duty-free area in Hainan province that they did a really nice job making sure that the brand was both available and had the innovation and communication to win. So SK2 is healthy, and I expect, I don't know when travel retail will resume. You can take, you would guess, it looks like it's gonna be a while. But the good news is, at the strong growth that we're seeing already, we're not dependent on that. That'll be, could be a help if and when it opens up anytime soon.

Jul 30, 2021 / receipt, needs a key / David, other | earnings call 2021-07-30 | transcript 1a715b03-51a0-4480-bf26-04282b7c7ee8 | chars 51071-52106 | segment 52

We maintained 6% growth in the first half of calendar 2020, overcoming significant challenges including the lockdown in China, closure of the travel retail, electro, specialty beauty, and away from home channels.

Oct 20, 2020 / receipt, needs a key / John Moeller, CFO | earnings call 2020-10-20 | transcript 81f34a18-298b-4c4c-8394-74af780772e6 | chars 2169-2381 | segment 2

Supporting that direction, unlike prior crises, or very different from prior crises, is a whole reconfiguration of the consumer budget. They're not spending money generally on travel, on entertainment, at a meal at a restaurant, on apparel. So they do have some flexibility that's more prevalent now than has been the case historically, which they can redirect and many are redirecting if they choose to do so.

Oct 20, 2020 / receipt, needs a key / John Donahoe, CEO | earnings call 2020-10-20 | transcript 81f34a18-298b-4c4c-8394-74af780772e6 | chars 42021-42431 | segment 43

Travel and entertainment. We never really, I don't think, could have imagined that we'd be accomplishing all we are with effectively zero travel and entertainment. And that's not that's not the right long term answer. But the right long term answer is not what we were doing previously. We've all become much more effective working in very different ways with digital tools, as David indicated.

Jul 29, 2020 / receipt, needs a key / John, other | earnings call 2020-07-29 | transcript 224fa93b-1a9a-485d-9e9e-4554d1403253 | chars 35073-35467 | segment 36

filings

Craig Arnold Independent Director since 2025