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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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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