Colgate-Palmolive Maintains FY22 Earnings Growth Outlook - Update

RTTNews | 733 days ago
Stocktwits
Colgate-Palmolive Maintains FY22 Earnings Growth Outlook - Update

(RTTNews) - While reporting financial results for the first quarter on Friday, Colgate-Palmolive Co. (CL) maintains its earnings and adjusted earnings growth guidance for the full-year 2023, while boosting net sales and organic sales growth outlook.

For fiscal 2023, the company continues to expect earnings per share to grow in double-digit percentage and adjusted earnings per share growth in the mid-single-digit percentage.

However, it now projects net sales growth of 3 to 6 percent, with organic sales growth of 4 to 6 percent. Previously, it expected net sales growth of 2 to 5 percent, with organic sales growth of 3 to 5 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.11 per share on sales growth of 4.9 percent to $18.85 billion for the year. Analysts' estimates typically exclude special items.

"Looking ahead, while we still see uncertainty in the global operating environment, particularly in the back half of the year, we feel well positioned to deliver on our increased 2023 sales and earnings growth expectations and drive value for our stakeholders," said Noel Wallace, chairman, President and CEO.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

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Colgate-Palmolive Q1 Beats Market; Cuts FY25 Earnings, Organic Sales View On Tariffs

Colgate-Palmolive Q1 Beats Market; Cuts FY25 Earnings, Organic Sales View On Tariffs

Consumer products major Colgate-Palmolive Co. on Friday reported higher profit above market estimates in its first quarter with organic sales growth amid very difficult market conditions. Net sales, meanwhile declined, though were above the Street. Further, the firm trimmed its earnings and organic sales forecast for fiscal 2025 on tariff uncertainty, but raised net sales view.
RTTNews | 5 days ago
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Consumer products major Colgate-Palmolive Co. on Friday reported significantly higher profit in its fourth quarter, above market estimates. The top line also increased and beat the Street view. Looking ahead for fiscal 2024, the company expects double-digit earnings-per-share growth on a reported basis, and mid to high-single-digit earnings-per-share growth on an adjusted basis.
RTTNews | 460 days ago
Colgate-Palmolive Recalls 4.9 Mln Fabuloso Cleaners

Colgate-Palmolive Recalls 4.9 Mln Fabuloso Cleaners

Consumer goods major Colgate-Palmolive Co. is recalling around 4.9 million units of Fabuloso multi-purpose cleaners citing risk of exposure to bacteria, the U.S. Consumer Product Safety Commission said. The recall involves certain Fabuloso Multi-Purpose Cleaners, which can be used to clean most residential hard surfaces, in different scents of Lavender, Refreshing Lemon, Passion of Fruits, Spring
RTTNews | 810 days ago
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Despite staging a fairly strong recovery after an early setback, the Canadian market remains firmly down in negative territory a little past noon on Wednesday, with stocks from energy, technology and healthcare sectors reeling under selling pressure. Disappointing Canadian and U.S. GDP data, and Trump administration's policy uncertainty are weighing on sentiment.
RTTNews | 43 minutes ago
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Germany's consumer price inflation slowed for a second straight month in April to its lowest level in six months as energy prices continued to fall, but the core price growth accelerated for the first time since December as services cost growth increased, which warrants caution from the European Central Bank that is set to reduce interest rates further.
RTTNews | 53 minutes ago
U.S. Pending Home Sales Unexpectedly Spike 6.1% March

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Partly reflecting a substantial increase in the South, the National Association of Realtors released a report on Wednesday showing an unexpected spike by pending home sales in the U.S. in the month of March. NAR said its pending home sales index surged by 6.1 percent to 76.5 in March after jumping by 2.1 percent to a revised to 72.1 in February.
RTTNews | 2h 28min ago
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