Colgate-Palmolive (CL) Tops Q1 EPS by 3c

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Go back to Colgate-Palmolive (CL) Tops Q1 EPS by 3c

Colgate Announces 1st Quarter 2023 Results

April 28, 2023 6:55 AM EDT

NEW YORK--(BUSINESS WIRE)-- Colgate-Palmolive Company (NYSE: CL):

Net sales increased 8.5%; Organic sales* increased 10.0% with growth in every division and in all four categories GAAP EPS declined 32% to $0.45; Base Business EPS* declined 1% to $0.73 GAAP Gross profit margin and Base Business Gross profit margin* both decreased 160 basis points to 56.9%, including a negative 90 basis point impact from private label sales resulting from the previously disclosed acquisitions of pet food businesses Net cash provided by operations was $735 million for the first three months of 2023 Colgates... More