The Procter & Gamble Company's (PG) Management on Q3 2021 Results - Earnings Call Transcript

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Q3: 2021-04-20 Earnings Summary

10-Q
EPS of $1.26 beats by $0.07 | Revenue of $18.11B (5.20% Y/Y) beats by $147.79M

The Procter & Gamble Company (NYSE:PG) Q3 2021 Earnings Conference Call April 20, 2021 8:30 AM ET

Company Participants

Jon Moeller - Vice Chairman and Chief Operating Officer
Andre Schulten - Chief Financial Officer
John Chevalier - Senior Vice President, Investor Relations

Conference Call Participants

Dara Mohsenian - Morgan Stanley
Wendy Nicholson - Citi
Steve Powers - Deutsche Bank
Lauren Lieberman - Barclays
Jason English - Goldman Sachs
Kevin Grundy - Jefferies
Rob Ottenstein - Evercore ISI
Nik Modi - RBC Capital Markets
Andrea Teixeira - JPMorgan
Kaumil Gajrawala - Credit Suisse
Chris Carey - Wells Fargo Securities
Mark Astrachan - Stifel
Jonathan Feeney - Consumer Edge

Operator

Good morning, and welcome to Procter & Gamble’s Quarter-End Conference Call. Today’s event is being recorded for replay.

This discussion will include a number of forward-looking statements. If you will refer to P&G’s most recent 10-K, 10-Q and 8-K reports, you will see a discussion of factors that could cause the company’s actual results to differ materially from these projections. As required by Regulation G, Procter & Gamble needs to make you aware that during the discussion, the company will make a number of references to non-GAAP and other financial measures. Procter & Gamble believes these measures provide investors with useful perspective on underlying business trends and has posted on its Investor Relations website, www.pginvestor.com, a full reconciliation of non-GAAP financial measures.

Now, I will turn the call over to P&G’s Vice Chairman and Chief Operating Officer, Jon Moeller.

Jon Moeller

Good morning, everyone. Joining me on the call today are Andre Schulten, Chief Financial Officer; and John Chevalier, Senior Vice President of Investor Relations. Let me quickly summarize another strong quarter and then turn it over to Andre to provide additional perspectives.

Organic sales were up 4% on the quarter, up 10% two-year stacked. Global

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