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The Procter & Gamble Company (PG) Q2 2019 Results - Earnings Call Transcript

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    The Procter & Gamble Company (PG) Q2 2019 Results - Earnings Call Transcript

    Wendy Nicholson


    Hi. Good morning. Could you talk a little bit more about China up 15%, I think is a lot stronger than most of us were expecting? Could you comment specifically on SK-II and Olay in China and how they did in the quarter? And what your outlook is for the next -- for the second half? Thanks.

    Jon Moeller

    Thanks, Wendy. It's been a strong first half and the second quarter in China. If you look at annually the organic sales progression in China going back three years, then minus 5, plus 1, plus 7 last year and plus 9 for the first half this year; and as you indicated, above that rate in the second quarter. We do not see a sign at this point of slowdown of the consumer in China, as witnessed by those results. Market growth rates continue to be relatively strong. Within China, just like the balance of the business, we have our successes and our challenges SK-II and Olay are obviously in the success column with Skin Care, both SK-II and Olay growing strong double-digits for several consecutive quarters.

    https://seekingalpha.com/article/4235021?source=ansh $PG

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