Execs with Procter & Gamble (PG) seemed pleased during the firm's earnings call on the ability of the company to raise prices into an "intensely" competitive market.
A key point is that P&G is on track to meet financial targets without boosting its marketing spend significantly
Management says an accelerated pace of savings this year isn't indicative that future savings will be lower.
P&G's market share remained level in Q1 as it grew at roughly the same rate as the broader market.
Current guidance assumes share buybacks will be about $6B.
PG -0.9% premarket