CL - Colgate-Palmolive Non-GAAP EPS of $0.77 in-line revenue of $4.63B beats by $50M
- Colgate-Palmolive press release ( NYSE: CL ): Q4 Non-GAAP EPS of $0.77 in-line.
- Revenue of $4.63B (+5.2% Y/Y) beats by $50M .
- Organic sales increased 8.5%.
- CEO comment: “Looking ahead, we have a proven strategy, a focused portfolio of leading brands in growing, everyday usage categories and product offerings across price points. We are also strengthening and scaling our digital, data analytics, innovation and other capabilities across the company. All this adds to our confidence that despite uncertain macroeconomic conditions worldwide, we are executing against the right strategy and are well-positioned to deliver sustainable, profitable growth in 2023 and beyond.”
- FY2023 Outlook : The company expects net sales growth to be 2% to 5% vs. consensus growth of 3.62%; Organic sales growth to be towards the high end of its long-term targeted range of 3% to 5%; Adjusted gross profit margin to expand, increased advertising investment and low to mid-single-digit earnings-per-share growth.
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Colgate-Palmolive Non-GAAP EPS of $0.77 in-line, revenue of $4.63B beats by $50M