The Procter & Gamble Company (NYSE:PG) Q3 2024 Earnings Call Transcript

Andre Schulten: Look, I think if more of our competitors adopt a market constructive strategy and innovate and spend in that way, that’s good for everyone. And if you look at the category development globally, there’s still so much opportunity to grow even in the most developed markets to grow category penetration in places like fabric enhancers. So that is a big opportunity in many of the markets where we play. The category development index is index 30 or maybe slightly higher. So there’s plenty of opportunity to be market constructive, so that’s a good thing. We are constantly looking at our superiority and our innovation. That’s inherent in the strategy of irresistible superiority. So we’ve talked about resetting the bar.

We’ve done that with exactly that in mind, what will it take for us to continue to be market constructive, win consumers for the next 5 years instead of just looking back at the success we had over the past 5 years. So that is part of the growth model and part of how the organization operates.

Andre Schulten: All right. Thank you for your time today. If you have additional questions, John, myself will be available during the day. Thank you for your time and thank you for your interest.

Operator: This concludes today’s conference. Thank you for your participation. You may now disconnect and have a great day.