Heard during Procter & Gamble's earnings call

Execs with Procter & Gamble (PG +2.7%) highlighted the consistent demand the multinational saw across global markets and notes late-quarter strength sets up FQ3 for solid organic sales growth.

An important note is that profits are growing at a faster rate than sales on a constant currency basis in developing markets. Russia, China, and Brazil should see even more margin accretion as innovation and local manufacturing contributes.

The company expects to make share repurchases of between $4B and $5B this year.

Good news on the diaper front: P&G's market share for diapers rose 150 bps over the last year in the U.S.

Earnings call transcript

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Comments (6)
  • tomlos
    , contributor
    Comments (1299) | Send Message
    queue all of the P&G dooms dayers that have been lurking around for a long time now..
    24 Jan 2014, 01:46 PM Reply Like
  • wyostocks
    , contributor
    Comments (9115) | Send Message
    Don't believe everything you hear on a CC.
    24 Jan 2014, 01:58 PM Reply Like
  • june1234
    , contributor
    Comments (4477) | Send Message
    If you have to long it stick with the ones that are holding up (for now) when everything else isn't. next week is margin call week
    24 Jan 2014, 04:08 PM Reply Like
  • Pepo2012
    , contributor
    Comments (74) | Send Message
    The population growth in emerging market will drive the overall growth for PG.
    24 Jan 2014, 09:43 PM Reply Like
  • chummybeagle
    , contributor
    Comments (120) | Send Message
    Ackman probably single handedly pushed up demand for diapers in the 4Q as Herbalife moved past 80 a share.
    24 Jan 2014, 11:23 PM Reply Like
  • Kraken
    , contributor
    Comments (567) | Send Message
    I guess Icahn will single handedly push diaper demand in Q1 then.
    25 Jan 2014, 12:46 AM Reply Like
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