earnings
confidence high
sentiment negative
materiality 0.70
Colgate Q4/FY2021: organic sales +4.5% FY; GAAP EPS down 19% on impairment; launches $200-240M productivity plan
COLGATE PALMOLIVE CO
2021-FY EPS reported
$2.55
revenue$17,421,000,000
- Full year net sales $17.42B (+6.0% YoY); organic sales growth +4.5%.
- GAAP diluted EPS $2.55 (-19% YoY) due to Filorga goodwill impairment; base business EPS $3.21 (+5%).
- Q4 net sales +2.0%, organic +3.0%; oral care and pet nutrition accelerated.
- Board approved 2022 Global Productivity Initiative; estimated pre-tax charges $200-240M (80% severance), substantially complete by Dec 2022.