Procter & Gamble's focus on superiority, productivity and
improving P&G’s organization and culture created value for
shareholders and made a positive difference in results in fiscal
2019, P&G said in its 2019 Annual Report, published today at
www.pg.com/annualreport2019.
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the full release here:
https://www.businesswire.com/news/home/20190823005186/en/
We've focused and strengthened our
portfolio in daily-use categories where performance drives brand
choice. Daily-use categories are important to our retail partners
as they drive shopping trips and consumer loyalty is often higher.
Learn more in P&G’s 2019 Annual Report.
www.pg.com/annualreport2019 (Graphic: Business Wire)
The Annual Report details how, as previously announced, during
fiscal 2019:
- P&G built sales, market share and profit margin momentum
throughout fiscal 2019, finishing the year with the strongest
organic sales growth in over a decade.
- We continued our best-in-class track record of cash return to
shareowners, returning $12.5 billion of cash through a combination
of share repurchases and dividends, increasing the dividend for the
63rd consecutive year, and paying a dividend for 129 consecutive
years.
- We drove focus on our strategic choices to win with consumers,
supported by a strong commitment to social and environmental
Citizenship efforts built into the business.
In his letter to Company shareowners, Chairman, President and
Chief Executive Officer David Taylor said, “We are focused on
winning with consumers. That’s job #1—winning with consumers and
shoppers through superiority, fueled by productivity, and delivered
by an empowered, agile and accountable organization that is driving
constructive disruption across the entire value chain in our
industry.”
These are the strategies and focus areas guiding P&G’s
choices and investments, brought to life every day by about 97,000
P&G employees around the world:
- We have a focused portfolio in 10 categories – daily-use
products where performance drives brand choice.
- We’re extending our margin of competitive superiority in
product, package, brand communication, retail execution, and
value.
- We’re driving productivity improvements in cost and cash
to fund these investments and improve profitability.
- We’re leading the constructive disruption of our
industry across all areas of the value chain, to win in today’s
dynamic world.
- We're operating through a more focused, agile, accountable
organization operating at the speed of the market.
Taylor added in his letter to shareowners, “Importantly, these
choices are not independent strategies. They reinforce and build on
each other and include a strong commitment to social and
environmental Citizenship efforts built into the business.
They position us well to deal with near-term challenges from
macroeconomic headwinds, trade transformation and anticipated
competitive response. Together, they are the foundation for
stronger, balanced top- and bottom-line growth and value creation
over the short, mid- and long term.”
Visit www.pg.com/annualreport2019 to explore or download
P&G’s 2019 Annual Report.
Forward-Looking Statements
Certain statements in this release or presentation, other than
purely historical information, including estimates, projections,
statements relating to our business plans, objectives, and expected
operating results, and the assumptions upon which those statements
are based, are “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995, Section 27A
of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements generally
are identified by the words “believe,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result,” and similar expressions.
Forward-looking statements are based on current expectations and
assumptions, which are subject to risks and uncertainties that may
cause results to differ materially from those expressed or implied
in the forward-looking statements. We undertake no obligation to
update or revise publicly any forward-looking statements, whether
because of new information, future events or otherwise.
Risks and uncertainties to which our forward-looking statements
are subject include, without limitation: (1) the ability to
successfully manage global financial risks, including foreign
currency fluctuations, currency exchange or pricing controls and
localized volatility; (2) the ability to successfully manage local,
regional or global economic volatility, including reduced market
growth rates, and to generate sufficient income and cash flow to
allow the Company to affect the expected share repurchases and
dividend payments; (3) the ability to manage disruptions in credit
markets or changes to our credit rating; (4) the ability to
maintain key manufacturing and supply arrangements (including
execution of supply chain optimizations and sole supplier and sole
manufacturing plant arrangements) and to manage disruption of
business due to factors outside of our control, such as natural
disasters and acts of war or terrorism; (5) the ability to
successfully manage cost fluctuations and pressures, including
prices of commodities and raw materials, and costs of labor,
transportation, energy, pension and healthcare; (6) the ability to
stay on the leading edge of innovation, obtain necessary
intellectual property protections and successfully respond to
changing consumer habits and technological advances attained by,
and patents granted to, competitors; (7) the ability to compete
with our local and global competitors in new and existing sales
channels, including by successfully responding to competitive
factors such as prices, promotional incentives and trade terms for
products; (8) the ability to manage and maintain key customer
relationships; (9) the ability to protect our reputation and brand
equity by successfully managing real or perceived issues, including
concerns about safety, quality, ingredients, efficacy or similar
matters that may arise; (10) the ability to successfully manage the
financial, legal, reputational and operational risk associated with
third-party relationships, such as our suppliers, contract
manufacturers, distributors, contractors and external business
partners; (11) the ability to rely on and maintain key company and
third party information technology systems, networks and services,
and maintain the security and functionality of such systems,
networks and services and the data contained therein; (12) the
ability to successfully manage uncertainties related to changing
political conditions (including the United Kingdom’s decision to
leave the European Union) and potential implications such as
exchange rate fluctuations and market contraction; (13) the ability
to successfully manage regulatory and legal requirements and
matters (including, without limitation, those laws and regulations
involving product liability, product and packaging composition,
intellectual property, antitrust, data protection, tax,
environmental, and accounting and financial reporting) and to
resolve pending matters within current estimates; (14) the ability
to manage changes in applicable tax laws and regulations including
maintaining our intended tax treatment of divestiture transactions;
(15) the ability to successfully manage our ongoing acquisition,
divestiture and joint venture activities, in each case to achieve
the Company’s overall business strategy and financial objectives,
without impacting the delivery of base business objectives; and
(16) the ability to successfully achieve productivity improvements
and cost savings and manage ongoing organizational changes, while
successfully identifying, developing and retaining key employees,
including in key growth markets where the availability of skilled
or experienced employees may be limited. For additional information
concerning factors that could cause actual results and events to
differ materially from those projected herein, please refer to our
most recent 10-K, 10-Q and 8-K reports.
About Procter & Gamble
P&G serves consumers around the world with one of the
strongest portfolios of trusted, quality, leadership brands,
including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®,
Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head &
Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®,
Tide®, Vicks®, and Whisper®. The P&G community includes
operations in approximately 70 countries worldwide. Please visit
http://www.pg.com for the latest news and information about P&G
and its brands.
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version on businesswire.com: https://www.businesswire.com/news/home/20190823005186/en/
P&G Media Jennifer Corso +1-513-983-2570
P&G Investor Relations John Chevalier
+1-513-983-9974
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