CL - Colgate-Palmolive: Brushing Up Profits In Q4 2023

2024-01-30 05:46:16 ET

Summary

• Colgate-Palmolive's strong brand enables it to boost its top line despite flat YoY volume growth in FY2023.
• The company has consistently achieved or exceeded its long-term revenue growth goal for the past five years and is improving its margins.
• Colgate-Palmolive is well-positioned for future growth and offers attractive dividend yield for income-seeking investors.

Colgate-Palmolive Company (CL) has just announced its Q4 2023 earnings , marking the end of a year that saw growth in both the top and bottom lines. Despite flat volume growth, the strength of the company's brand has enabled it to boost its top line. With an ROA of 14.03%, significantly outperforming the consumer staple industry's average of 4.64% , the company has demonstrated its ability to generate profits effectively. This year, Colgate-Palmolive has not only increased its top and bottom lines but also improved its cash flow generation. The company has consistently achieved or exceeded its long-term goal of delivering 3 to 5% annual sales growth for the past five years....

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