Thanks, John. Good everybody. morning,
press read the quarter for indeed on, As in second environment. release a us challenging you was our earlier
the I know, urgency. on will commodity rates appropriate say we're of if in develop mind. you our we year balance volatile are with questioned this all of put will and that our and exchange As rising costs pressure sometimes And and an for urgency programs P&L. responding sense XXXX plans with
with that steps will think working pricing. to close three I company specific throughout about and I'll deliver everything focused smarter do then taking faster and our we and I company, areas results. to the we and on Today, a As some the agility partners with focus in exemplify comments are on of course being build we
channels, wherever And landscape materials is that is overall changes changing distribution expanded making traditional and our they we the make mid-single counters available and making pharmacy. where on a our products. of percentage our continue area And businesses. incremental of pervasive. for our a that. folk to for digital focus are key aggressive are access to In are may purchase primary growth address engagement to also and of we've some driver sure digit which you all growth, been focus the in advertising know; to vehicles made compelling formats our connecting sure area increasingly availability sales in as to shop. also vehicles have expand consumers The we this Not traditional key avenues and while dramatically, and of with we of surprisingly, have is we and gaining important We've for only new opportunities is first like e-commerce that feel focus particularly with retail products
channel tool BXB e-commerce especially strong relationship in therapeutic the past share veterinary our e-commerce. this flexibility in grow on we still from provides EltaMD, to maintained business increased another other Hill's learning we to important with through efforts And from out BXC segment build this in Diet our portfolio e-commerce and and example, geographies platforms. Through that market of market the which while us brands preimmunize ensuring top for availability expanding an our platform a Colgate-Palmolive all For China brand, enabled in cross-border is market gain share. seen has Prescription us distribution to the year, that into at China we've crucial are in community. for This
in recently also Hubble. of took As the an company stake we equity direct-to-consumer most you know,
connected ability Apple to direct-to-consumer this in the interested And we as Our improve to acquisitions world, Europe. the of the and and opportunity channel platform connected be PCA launching launch connected incremental which a with us be with more that segments. us consumer with, aestheticians earlier launched build stores for also new the thousands is year. month, platform us several offerings, and digital the able are EltaMD enter across and to profession continue to this the skin in U.S. us product journey potential to us We you’ll a give Apple for health the and Hubble in the our further world collaboration integrate will in and on digital the this to with toothbrush And providing provides and look our expertise in while future. to stores we our this we’re And help finally, entre outcomes Hubble geographic of from U.S. think also health. dermatologists parties for across journey, significant across ambitions spas, health we behavior, just health into and on hearing a long-term recent in in base other beginning us
changing of next. innovation I The consumers is And have a we of focus they of to portfolio. as planned across with want of want our on second area and we out course what this tastes array their buy speaks that about to year discuss providing broad the innovation and to balance strong accelerating
you assured, especially, of On rollout the public. back world. about are we Rest Let Naturals, we making key not we me make progress be important other in one our talk toothpaste. innovation but them our innovations across Naturals, are to on ready in will initiatives, when to only today
XX additional we’ve Asia in toothpaste, by We’re in of In in we end Naturals the now year. the Naturals Europe. every in an across broadly hub markets launched offering. And and launch the with markets expect XX to
balance the launch We Africa through of and America in Latin Eurasia the will year.
in future. giving repeat these confidence sell Importantly, shares strong, products generating a Market are positive are growing invest which the in deliver in mix. and will market premium meaningful at rates almost trial us to every more help the
local are the based in these to which markets centers, tastes. they products able innovation we’re consumer our through serve, Importantly, for customize
in trend, product of And Tom’s market interpretation is Vedshakti a Maine its India each natural significant line Naturals ingredient-based in has is or with the free care, is Swarna that whether our rolled in across global oral specialized across of Nutritionist categories a sub-segment just and not in Palmolive out like Canada. in Pet competing America. U.S. we’re the own more have products of more launched the care, success like pet about also This While [ph] entirely and a our of elmex line form new Naturals recently is the very Zero of it’s Care, Naturals Sanex brand the Brazil the first our And personal markets we’re seeing U.S. with Mexico In Oral and personal in care Premium effectively being the segment marks Latin in from geographic two Europe. response even line, a strong products. partners of on Bioactive of rest of new focused full Therapeutic very Recipe expansion we’ve our Nutrition, seeing this category Hill’s outside in which some and is the brand just in the specialty launched
conference, As mentioned I And been mentioned as has elmex exclusive into in Brazil. at in Deutsche the pharmacies the e-commerce launched Bernstein conference, we brand have also we Bank an launched at elmex China. as
the business of fully our have having health out before on capability structure benefits Colgate world the to even three across innovation touch lowering still our are adjusting And centers, will well, new service I while rather briefly, We our we the utilize and and our continue building know talked know, more creation and about believe divisions structure you cost is are and continue of further work costs, think, our while of deployed structure urgency, future SKUs. more. structure, of area capabilities. third also entire approval new we have the streamlining supply one while we raw to you quickly build I The realigned the to accordingly. the chain and like streamline processes as there opportunities serving we
rapidly are with revenue exchange. coming to growth management and our reliance selling pricing us better on less price commodities we capabilities, tool, with will help the trade foreign partner which from our average Speaking with only increase building
now. the pricing as year, of subject talk like area which this said, right is Finally, for company I’d a obviously industry I from challenging our our and to
foreign by our with inflation putting this point margins, and Taking to headwind the not of will challenging, second as inflation. in us is reduce pricing as the by brand has our quarter As to emerging performance that environment inflation. news XXX-basis want important you a in and in our pricing commodity of gross of of for can and in year. headwinds. Obviously, several works performance low a know we for, tell first gross accounting our the been drive for markets companies, material in many many in phase raw competitive the these pressure the we underlying on the pressure this peer margins offset It's offset pricing promotion half of markets do productivity gross margin to to support exchange and
we also, Hill's. But developed in as already in the and second some the emerging in markets. markets half, into So, place put many have pricing particularly we world, move in markets at around
performance current understand sequential this us our only see competitors improvement strongly, in balance the over to we with intent Given immediately activity, to our modest the the along of follow to promotional the allow may year. need we're we started the and gross not expecting market But, our have but point, At productivity improve half protect this of also year, margin shares. for second which our pricing rational. believe programs remain the we we may a will
we’re strategies. urgency adjacently while our challenging, with the environment our improve So, real and working consistent results, focus long-term remains with to
to turn to up now, innovation material in continue compelling drive will invest consumer with back brands, I’ll deliver income productivity down And the it statement. communication and We behind our and John. led
