Colgate-Palmolive's Q1 2024 Earnings Report Reveals Strong Growth in Sales and Income

Friday, 26 April 2024, 11:15

Colgate-Palmolive (NYSE: CL) announced its Q1 2024 financial results, reporting a 6.2% increase in net sales and a significant surge in organic sales by 9.8%. The company's net income attributable jumped to $683 million, with an increase in base business EPS to $0.86. Colgate-Palmolive also raised its guidance for net sales growth, organic sales growth, and EPS for the full year of 2024.
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Colgate-Palmolive's Q1 2024 Earnings Report Reveals Strong Growth in Sales and Income

Colgate-Palmolive Q1 2024 Earnings Highlights:

  • Net sales increased 6.2% year-over-year to $5.06 billion.
  • Organic sales surged 9.8%.
  • Net income attributable to Colgate-Palmolive Company was $683 million, or $0.83 per share, compared to $372 million, or $0.45 per share, last year. Base business EPS increased 18% to $0.86.

Guidance for Full Year 2024:

  • Net sales growth guidance raised to 2-5% from 1-4%.
  • Organic sales growth expected to be 5-7%.
  • Base business EPS expected to grow in the mid to high single digits.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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