Colgate-Palmolive (CL) Tops Q2 EPS by 1c; Raises Sales Outlook
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Colgate Announces 2nd Quarter 2022 Results
July 29, 2022 6:55 AM EDTNEW YORK--(BUSINESS WIRE)-- Colgate-Palmolive Company (NYSE: CL):
Net sales increased 5.5%; Organic sales* increased 9.0% with growth in every division and all four categories GAAP EPS declined 13% to $0.72; Base Business EPS* declined 10% to $0.72 GAAP Gross profit margin and Base Business Gross profit margin* both decreased 300 basis points to 57.0% Net cash provided by operations was $914 million for the first six months of 2022 Colgates leadership in toothpaste continued with its global market share at 39.6% year to date Colgates leadership in manual toothbrushes... More