CL - Colgate-Palmolive Company (CL) Presents at Consumer Analyst Group of New York Conference (Transcript)
2024-02-23 15:22:06 ET
Colgate-Palmolive Company (CL)
Presents at Consumer Analyst Group of New York Conference
February 23, 2024 08:00 AM ET
Company Participants
Noel Wallace - Chairman, President and CEO
Diana Schildhouse - Chief Analytics & Insights Officer
Conference Call Participants
Bryan Spillane - Bank of America
Dara Mohsenian - Morgan Stanley
Chris Carey - Wells Fargo
Andrea Teixeira - JPMorgan
Peter Grom - UBS
Presentation
Unidentified Company Representative
So, with that, joining us today from Colgate, our Chairman and CEO, Noel Wallace; Chief Analytics and Insights Officer, Diana Schildhouse. And Noel has made CAGNY history here. Five years ago, he laid out a strategy to reaccelerate growth driven by investments in marketing, innovation, digital capabilities, filling white space. And they exited 2023 showing some momentum. So, I guess it's working.
So, I'll turn it over to Noel to tell us more.
[Video Presentation]
Noel Wallace
Great. Well, good morning, everyone. We thought we wanted to begin the presentation with really reinstating our purpose as a company, which is an innovative growth company that's truly reimagining a healthier future for all people, pets, and their planet. And I think those two spots do a wonderful job in capturing what we're dealing with around the world.
Cavities continues to be the number one disease in the world and we're well-positioned to help combat that and provide better health outcomes and ultimately, improve education at the same time.
And obviously, with the incredibly -- incredible growth of skin cancer around the world, our ability to take the number one brand recommended by dermatologists and push that with a partnership with Andy Cohen has been terrific. So, a reminder, our Safe Harbor statement.
As we've done over the last four years, it's always a prideful moment for me to showcase some of our executive talent around Colgate and truly bring to life some of the capabilities that we're scaling across the organization.
And I've got Diana Schildhouse with me today, who is our Chief Digital -- excuse me, Chief Analytics and Insights Officer for the company, and she's going to talk how we're scaling some of those capabilities around the organization.
So, a couple of things to level set us all. I will quickly recap; 2023, and then I'll get into our 2024 outlook, but the subsequent part of the presentation will be to talk about our strategy and how we're confident in our ability to continue to drive growth for the organization.
Starting with 2023, you saw obviously strong growth at the top line, 8.5% organic sales growth, 8.5% top line dollar sales growth. Growth across all of our divisions and all of our categories, which is again the quality of growth that we were looking for....
Colgate-Palmolive Company (CL) Presents at Consumer Analyst Group of New York Conference (Transcript)