Colgate Q2 2022 Earnings Report
Key Takeaways
Colgate-Palmolive reported a 5.5% increase in net sales and a 9.0% increase in organic sales for Q2 2022, with growth across all divisions and categories. However, GAAP EPS declined by 13% to $0.72 due to increased raw material, packaging, and logistics costs. The company raised its organic sales growth guidance for the full year to 5% to 7%.
Net sales increased by 5.5% and organic sales grew by 9.0%.
GAAP EPS decreased by 13% to $0.72, while Base Business EPS declined by 10% to $0.72.
GAAP Gross profit margin decreased to 57.0%.
The company raised its organic sales growth guidance for full year 2022 to 5% to 7%.
Colgate
Colgate
Colgate Revenue by Segment
Colgate Revenue by Geographic Location
Forward Guidance
The Company still expects net sales growth to be at the higher end of 1% to 4%, now including a mid-single-digit negative impact from foreign exchange. The Company now expects organic sales growth to be in the 5% to 7% range.
Revenue & Expenses
Visualization of income flow from segment revenue to net income