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Dec 31, 2021
Colgate Q4 2021 Earnings Report
Colgate-Palmolive reported a net sales increase of 2.0% and EPS of $0.18 for Q4 2021, driven by growth in organic sales.
Key Takeaways
Colgate-Palmolive announced its Q4 and full year 2021 results, with Q4 net sales increasing by 2.0% and organic sales increasing by 3.0%. EPS declined by 76% to $0.18, influenced by goodwill and intangible asset impairment charges related to the Filorga skin health business. The company's leadership in toothpaste and manual toothbrushes continued, with global market shares of 39.4% and 30.9% respectively.
Net sales increased by 2.0% with organic sales up by 3.0% for Q4 2021.
EPS decreased by 76% to $0.18 due to impairment charges related to the Filorga business.
Base Business EPS grew 3% to $0.79.
Gross profit margin decreased to 58.1%.
Colgate
Colgate
Colgate Revenue by Segment
Colgate Revenue by Geographic Location
Revenue by Segment
OPHC North America Revenue
CapyFin.comOPHC Latin America Revenue
CapyFin.comOPHC Europe Revenue
CapyFin.comOPHC Asia Pacific Revenue
CapyFin.comOPHC Africa/Eurasia Revenue
CapyFin.comPet Nutrition Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comLatin America Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comAfrica/Eurasia Revenue
CapyFin.com Forward Guidance
The Company expects net sales growth to be 1% to 4% including a low-single-digit negative impact from foreign exchange. The Company expects organic sales growth to be within its long-term targeted range of 3% to 5%. On a GAAP basis, the Company expects gross profit margin expansion, increased advertising investment and double-digit earnings-per-share growth. On a non-GAAP (Base Business) basis, the Company expects gross profit margin expansion, increased advertising investment and low to mid-single-digit earnings-per-share growth.
Positive Outlook
- Net sales growth to be 1% to 4%
- Organic sales growth to be within the long-term targeted range of 3% to 5%
- Gross profit margin expansion is expected
- Increased advertising investment is planned
- Double-digit earnings-per-share growth is anticipated on a GAAP basis
Challenges Ahead
- Low-single-digit negative impact from foreign exchange is expected
- Uncertainty stemming from the COVID-19 pandemic
- Supply chain disruptions are expected to continue
- Increases in raw material and logistics costs are anticipated
- Volatility in consumer demand and currencies is expected
Revenue & Expenses
Visualization of income flow from segment revenue to net income