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Mar 31, 2021
Colgate Q1 2021 Earnings Report
Net sales and organic sales increased, while EPS declined on a GAAP basis and grew on a base business basis.
Key Takeaways
Colgate-Palmolive Company reported a 6.0% increase in net sales and a 5.0% increase in organic sales for the first quarter of 2021. EPS declined 4% on a GAAP basis but grew 7% on a base business basis. The company reiterated its full year 2021 financial guidance.
Net sales increased 6.0% and organic sales increased 5.0%.
EPS declined 4% to $0.80 on a GAAP basis.
EPS grew 7% to $0.80 on a Base Business basis.
The Company reiterated its financial guidance for full year 2021
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company expects net sales to be up 4% to 7% including a low-single-digit benefit from foreign exchange. The Company expects organic sales to be up within its long-term targeted range of 3% to 5%. On a GAAP basis, the Company expects gross margin expansion, increased advertising investment and low to mid-single-digit earnings-per-share growth. On a non-GAAP (Base Business) basis, the Company expects gross margin expansion, increased advertising investment and mid to high-single-digit earnings-per-share growth.
Positive Outlook
- Net sales are expected to be up 4% to 7%.
- Organic sales are expected to be up within its long-term targeted range of 3% to 5%.
- Gross margin expansion is expected on a GAAP basis.
- Increased advertising investment is expected on a GAAP basis.
- Low to mid-single-digit earnings-per-share growth is expected on a GAAP basis.
Challenges Ahead
- Volatility in consumer demand
- Volatility in currencies
- Further increases in raw material prices
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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