CL - Colgate-Palmolive Non-GAAP EPS of $0.77 beats by $0.02 revenue of $4.82B beats by $120M

2023-07-28 06:56:06 ET

• Colgate-Palmolive press release ( NYSE: CL ): Q2 Non-GAAP EPS of $0.77 beats by $0.02 .
• Revenue of $4.82B (+7.6% Y/Y) beats by $120M .
• Net sales increased 7.5%; Organic sales increased 8.0% with growth in every division and in all four categories

• Full Year 2023 Guidance

• • The Company now expects net sales growth to be 5% to 8% including the benefit from our acquisitions of pet food businesses and a low-single-digit negative impact from foreign exchange.
  • The Company now expects organic sales growth to be 5% to 7%.
  • On a GAAP basis, the Company still expects gross profit margin expansion, increased advertising investment and double-digit earnings-per-share growth.
  • On a non-GAAP (Base Business) basis, the Company still expects gross profit margin expansion and increased advertising investment and now expects earnings-per-share growth to be at the high end of mid-single-digits.

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