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Sep 30, 2021
Colgate Q3 2021 Earnings Report
Net sales and organic sales increased, while EPS declined on a GAAP basis.
Key Takeaways
Colgate-Palmolive reported a 6.5% increase in net sales and a 4.5% increase in organic sales for Q3 2021. EPS decreased by 7% on a GAAP basis to $0.75, but increased by 3% on a Base Business basis to $0.81. The company confirmed its full-year financial guidance.
Net sales increased 6.5% and organic sales increased 4.5%.
EPS declined 7% to $0.75 on a GAAP basis; base business EPS grew 3% to $0.81.
GAAP Gross profit margin decreased 180 basis points to 59.4%.
The Company confirmed its financial guidance for full year 2021
Revenue by Segment
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 a decline in gross profit margin, increased advertising investment and earnings-per-share growth at the lower end of its low to mid-single-digit range. On a non-GAAP (Base Business) basis, the Company expects a decline in gross profit margin, increased advertising investment and earnings-per-share growth at the lower end of its mid to high-single-digit range.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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