Colgate-Palmolive (CL) Tops Q3 EPS by 6c, Beats on Revenue

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Go back to Colgate-Palmolive (CL) Tops Q3 EPS by 6c, Beats on Revenue

Colgate Announces 3rd Quarter 2023 Results

October 27, 2023 6:55 AM EDT

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

Net sales increased 10.5%; Organic sales* increased 9.0% with growth in five out of six divisions and in all four categories GAAP EPS and Base Business EPS* both increased 16% to $0.86 GAAP Gross profit margin increased 130 basis points to 58.5% Base Business Gross profit margin* increased 140 basis points to 58.6%, up 190 basis points excluding a negative 50 basis point impact from private label sales resulting from the previously disclosed acquisitions of pet food businesses Net cash provided by operations was $2,609 million for... More