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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
Colgate
Colgate
Colgate Revenue by Segment
Colgate Revenue by Geographic Location
Revenue by Segment
OPHC North America Revenue
CapyFin.comOPHC Latin America Revenue
CapyFin.comOPHC Europe Revenue
CapyFin.comOPHC Asia Pacific Revenue
CapyFin.comOPHC Africa/Eurasia Revenue
CapyFin.comPet Nutrition Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comLatin America Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comAfrica/Eurasia Revenue
CapyFin.com 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
- Further increases in logistics costs
Revenue & Expenses
Visualization of income flow from segment revenue to net income