Loading...
•
Jun 30, 2020
Colgate Q2 2020 Earnings Report
Colgate-Palmolive's Q2 2020 earnings were announced, demonstrating resilience amidst the COVID-19 pandemic, with organic sales growth driven by North America and Hill's, while facing challenges from foreign exchange impacts.
Key Takeaways
Colgate-Palmolive reported a 1.0% increase in net sales and a 5.5% increase in organic sales for Q2 2020. GAAP EPS grew by 9% to $0.74. The company experienced strong growth in North America and Hill's, but faced challenges due to foreign exchange impacts. Due to continued uncertainty, the company has decided not to reinstate financial guidance for 2020 at this time.
Net sales increased by 1.0%, while organic sales grew by 5.5%.
GAAP EPS increased by 9% to $0.74.
Base Business EPS grew by 3% to $0.74.
The company's leadership in toothpaste and manual toothbrushes continued with global market shares of 40.0% and 31.0%, respectively, year to date.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company anticipates a mid-single digit negative impact on net sales for the year from foreign exchange, based on current spot rates. Given the continued uncertainty related to the impact of the virus and government actions to stem the virus, including macroeconomic impacts, the company has decided not to reinstate its financial guidance for 2020 at this time.
Challenges Ahead
- Mid-single digit negative impact on net sales for the year from foreign exchange
- Continued uncertainty related to the impact of the virus
- Government actions to stem the virus
- Including macroeconomic impacts
- Decided not to reinstate our financial guidance for 2020 at this time
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
Loading earnings performance data...
Loading earnings reaction data...