Content analysis
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H.S. junior Bad
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New words:
acne, appointed, ASU, bank, Benadryl, benzoyl, BPO, breach, Calpol, carbon, Carefree, Carlo, ceased, Circuit, Citizen, civil, complied, composed, corrected, cumulative, delayed, Desitin, destruction, disaggregated, disaggregation, dismissed, Disposal, Eastern, Eleventh, equitable, equivalent, Erosion, exceeded, Exit, eye, FASB, fiduciary, gas, goal, greenhouse, hand, lack, land, Le, length, listed, locate, Lubriderm, maintenance, maximize, Monte, Motrin, nominal, Northern, ORSLTM, overstated, payout, peroxide, plaintiff, play, prospective, PSU, pure, purporting, rebalancing, reclassification, renewable, renewal, residual, Rhinocort, Rogaine, save, shareholder, shorter, shortfall, softened, statute, swept, systematic, terrorist, test, testing, thereof, tied, transparency, twelve, understated, undesignated, unrest, Valisure, vegetable, viewed, voluntarily, Zarbee
Removed:
academic, accelerate, acceleration, accurately, actively, activity, adapt, adjacent, agility, aging, Alberta, anticipate, anticipation, artificial, aspect, assumption, attractive, automatically, automation, base, bearing, behavior, bring, British, calendar, call, certainty, challenging, channel, club, collaboration, Columbia, commencing, commercially, compendium, compete, competition, complement, conducting, confidence, connected, constant, constantly, consumption, convenience, convey, core, corrugate, costly, creating, critical, cybersecurity, damaged, deem, defer, deliver, delivered, delivery, demonstrated, dependent, deploy, deployed, developing, digitally, direction, disciplined, discretionary, DTC, easing, emerging, empathy, enable, enabled, enabling, encourage, enhancing, entering, entry, environment, equal, ethical, EURIBOR, Euro, evolve, Exclusive, expanded, expanding, expansion, extensive, extensively, external, faced, file, flexible, fluctuate, footprint, foreseeable, fostering, fourth, fuel, functioning, geographically, globe, gradually, grid, grow, growing, grown, GSK, guaranteed, half, hardship, heightened, high, Holding, house, ii, iii, image, immaterial, impair, implementing, imposing, improve, improved, improving, inability, increasingly, incurrence, integral, integrate, integrated, intelligence, intend, intensify, Interbank, internet, introduce, invest, invested, journey, language, launch, leadership, learning, legislative, letter, leverage, lifting, loading, locality, locally, long, lost, low, loyalty, machine, maintaining, marketed, mindset, mitigate, mitigated, modernized, movement, multinational, network, North, notably, obligated, Offered, opposite, optimizing, outbreak, Overnight, paradigm, partnership, paying, people, Person, personalized, personnel, pharmaceutical, physical, placement, population, positioned, poultry, practical, predetermined, predicted, predicting, premium, premiumization, presently, preventative, prioritize, prioritized, prioritizing, profitability, profitable, proper, proprietary, prudent, pursue, pursued, pursuit, quickly, reach, real, realignment, rebuilding, recognition, recognize, redeem, redeemed, redemption, redesign, redesigned, reducing, refine, region, registered, regular, repay, replenishment, resilience, resource, respiratory, restricting, sanitary, schedule, season, Secured, selectively, shifting, shipping, silicon, simple, sizable, small, smaller, SOFR, source, speed, stabilize, standard, strategically, succeeding, successful, Sunday, surge, suspension, swingline, switch, tailored, talent, tallow, targeted, team, technical, thereon, Today, track, transformed, travel, trend, tropical, unamortized, unanticipated, unconditionally, underpenetrated, understanding, unpaid, unprofitable, updated, usage, utilize, valid, vast, volatile
Financial report summary
?Management Discussion
- * Calculation not meaningful.
- Net sales were $3.9 billion for both the fiscal three months ended March 31, 2024 and April 2, 2023, an increase of $42 million, or 1.1%. Excluding the impact of unfavorable changes in currency rates of $31 million, Organic growth was $73 million, primarily attributable to value realization (defined as price including mix), partially offset by volume-related decreases. In Self Care, there was increased demand across the segment, including the Cough, Cold, and Allergy and Other Self Care product categories, partially offset by declines in Pain Care attributable to trade inventory fluctuations in the United States. In Skin Health and Beauty, negative growth was driven by volume declines in the United States due to execution challenges, coupled with market softness in China. Momentum in Essential Health continued, driven by value realization and strong performance in Oral Care, along with growth in Women’s Health led by value realization and brand activation, partially offset by overall volume-related decreases in Baby Care.
- Cost of sales were $1.7 billion for both the fiscal three months ended March 31, 2024 and April 2, 2023, a decrease of $75 million, or 4.3%, primarily attributable to the realization of benefits associated with our supply chain optimization initiatives, lower costs of key ingredients and packaging materials due to the softened impact of inflation, and $13 million favorable translational currency impacts. Gross profit margin increased 240 basis points to 57.6% for the fiscal three months ended March 31, 2024 as compared to 55.2% for the fiscal three months ended April 2, 2023, primarily due to growth in Net sales driven by value realization, realization of benefits associated with our supply chain optimization initiatives, lower costs of key ingredients and packaging materials due to the softened impact of inflation, and favorable transactional foreign currency fluctuations.