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Dec 31, 2023
Colgate Q4 2023 Earnings Report
Colgate-Palmolive finished the year with strong top and bottom-line results
Key Takeaways
Colgate-Palmolive reported strong Q4 2023 results, with a 7.0% increase in both net and organic sales. The company saw improvements to organic volume performance, gross and operating profit margin expansion, and double-digit earnings per share growth. For the full year, net and organic sales grew by 8.5%.
Net sales and organic sales both increased 7.0%.
GAAP EPS increased to $0.87.
Base Business EPS increased 13% to $0.87.
GAAP Gross profit margin and Base Business Gross profit margin both increased 400 basis points to 59.6%.
Revenue by Segment
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%.
Positive Outlook
- Expects net sales growth to be 1% to 4%
- Expects organic sales growth to be within its long-term targeted range of 3% to 5%.
- Expects gross profit margin expansion on a GAAP basis
- Expects increased advertising investment on a GAAP basis
- Expects double-digit earnings-per-share growth on a GAAP basis
Challenges Ahead
- Expects a low-single-digit negative impact from foreign exchange.
- Expects gross profit margin expansion on a non-GAAP basis
- Expects increased advertising investment on a non-GAAP basis
- Expects mid to high-single-digit earnings-per-share growth on a non-GAAP basis
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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