Colgate-Palmolive (CL) Tops Q1 EPS by 1c, Withdraws Guidance
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Colgate Announces 1st Quarter 2020 Results
May 1, 2020 6:55 AM EDTNEW YORK--(BUSINESS WIRE)-- Colgate-Palmolive Company (NYSE: CL)
Net sales increased 5.5%, Organic sales* increased 7.5% GAAP EPS grew 28% to $0.83, Base Business EPS* grew 12% to $0.75 GAAP Gross profit margin was 60.2%, Base Business Gross profit margin* was 60.3% Net cash provided by operations was $768 million The Company is withdrawing its 2020 financial guidance due to the uncertainty surrounding the business impacts from COVID-19 and related macroeconomic volatility Colgates leadership in toothpaste continued with its global market share at 40.5% year to date Colgates leadership in manual toothbrushes... More