earnings
confidence high
sentiment neutral
materiality 0.70
Colgate-Palmolive Q2 EPS falls 13% to $0.72; organic sales up 9%, guidance raised to 5-7%
COLGATE PALMOLIVE CO
2022-Q2 EPS reported
$1.38
revenue$8,883,000,000
- Net sales $4.48B, up 5.5% YoY; organic sales growth 9.0% with gains in all divisions and categories.
- GAAP EPS $0.72 (down 13%); base business EPS $0.72 (down 10%) on 300 bps gross margin compression to 57.0%.
- Global toothpaste market share 39.6%; manual toothbrush share 31.3% year-to-date.
- Full-year 2022 organic sales growth guidance raised to 5%–7% from prior 4%–6%.
- Operating cash flow $914M for first six months of 2022.