Colgate-Palmolive Maintains FY22 Earnings Growth Outlook - Update

RTTNews | 748 dni temu
Stocktwits
Colgate-Palmolive Maintains FY22 Earnings Growth Outlook - Update

(RTTNews) - While reporting financial results for the first quarter on Friday, Colgate-Palmolive Co. (CL) maintains its earnings and adjusted earnings growth guidance for the full-year 2023, while boosting net sales and organic sales growth outlook.

For fiscal 2023, the company continues to expect earnings per share to grow in double-digit percentage and adjusted earnings per share growth in the mid-single-digit percentage.

However, it now projects net sales growth of 3 to 6 percent, with organic sales growth of 4 to 6 percent. Previously, it expected net sales growth of 2 to 5 percent, with organic sales growth of 3 to 5 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.11 per share on sales growth of 4.9 percent to $18.85 billion for the year. Analysts' estimates typically exclude special items.

"Looking ahead, while we still see uncertainty in the global operating environment, particularly in the back half of the year, we feel well positioned to deliver on our increased 2023 sales and earnings growth expectations and drive value for our stakeholders," said Noel Wallace, chairman, President and CEO.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tagi: CL
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Colgate-Palmolive Q1 Beats Market; Cuts FY25 Earnings, Organic Sales View On Tariffs

Colgate-Palmolive Q1 Beats Market; Cuts FY25 Earnings, Organic Sales View On Tariffs

Consumer products major Colgate-Palmolive Co. on Friday reported higher profit above market estimates in its first quarter with organic sales growth amid very difficult market conditions. Net sales, meanwhile declined, though were above the Street. Further, the firm trimmed its earnings and organic sales forecast for fiscal 2025 on tariff uncertainty, but raised net sales view.
RTTNews | 20 dni temu
Colgate-Palmolive Q4 Results Top Market; Sees Growth In FY24

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Consumer products major Colgate-Palmolive Co. on Friday reported significantly higher profit in its fourth quarter, above market estimates. The top line also increased and beat the Street view. Looking ahead for fiscal 2024, the company expects double-digit earnings-per-share growth on a reported basis, and mid to high-single-digit earnings-per-share growth on an adjusted basis.
RTTNews | 475 dni temu
Colgate-Palmolive Recalls 4.9 Mln Fabuloso Cleaners

Colgate-Palmolive Recalls 4.9 Mln Fabuloso Cleaners

Consumer goods major Colgate-Palmolive Co. is recalling around 4.9 million units of Fabuloso multi-purpose cleaners citing risk of exposure to bacteria, the U.S. Consumer Product Safety Commission said. The recall involves certain Fabuloso Multi-Purpose Cleaners, which can be used to clean most residential hard surfaces, in different scents of Lavender, Refreshing Lemon, Passion of Fruits, Spring
RTTNews | 826 dni temu
Australian Market Trims Early Strong Gains In Mid-market

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The Australian stock market is trimming its early strong gains in mid-market moves on Friday, adding to the gains in the previous seven sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level, with gains across most sectors led by mining, financial and technology stocks.
RTTNews | 32 minut temu
Asian Markets Trade Mostly Lower

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Asian stock markets are trading mostly lower on Friday, following the mixed cues from Wall Street overnight, as traders digested the latest settlements on the trade tariff front and remained caution as they awaited more clarity on the developments in trade negotiations with other trade partners. Asian markets ended mostly higher on Thursday.
RTTNews | 47 minut temu
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares are seen opening higher on Friday as India's foreign minister S Jaishankar said that trade talks with the U.S. are still going on and "nothing is decided till everything is".
RTTNews | 1g 36 minut temu
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