•
Mar 31, 2024
Colgate Q1 2024 Earnings Report
Colgate's Q1 2024 results were announced, showcasing strong organic sales growth and increased EPS.
Key Takeaways
Colgate-Palmolive reported a 6.2% increase in net sales and a 9.8% increase in organic sales for Q1 2024. GAAP EPS increased by 84% to $0.83, while Base Business EPS increased by 18% to $0.86. The company raised its full-year guidance for net sales and organic sales growth.
Net sales increased by 6.2%, and organic sales grew by 9.8%.
GAAP EPS increased 84% to $0.83.
Base Business EPS increased 18% to $0.86.
The company updated its financial guidance for full year 2024.
Colgate
Colgate
Colgate Revenue by Segment
Colgate Revenue by Geographic Location
Forward Guidance
The Company is raising its net sales growth guidance to 2% to 5% and raising its organic sales growth guidance to 5% to 7%.
Positive Outlook
- Raising net sales growth guidance to 2% to 5%.
- Raising organic sales growth guidance to 5% to 7%.
- Still expects gross profit margin expansion on a GAAP basis.
- Still expects increased advertising investment on a GAAP basis.
- Still expects double-digit earnings-per-share growth on a GAAP basis.
Challenges Ahead
- Includes a mid-single-digit negative impact from foreign exchange.
- Still expects gross profit margin expansion on a non-GAAP (Base Business) basis.
- Still expects increased advertising investment on a non-GAAP (Base Business) basis.
- Still expects mid to high-single-digit earnings-per- share growth on a non-GAAP (Base Business) basis.
- No other negative information was provided.
Revenue & Expenses
Visualization of income flow from segment revenue to net income