Colgate Q1 net sales +8.5% to $4.77B; GAAP EPS drops 32% to $0.45; guidance updated

COLGATE PALMOLIVE CO

2023-Q1 EPS reported $0.45 revenue$4,770,000,000

Net sales $4,770M (+8.5% YoY); organic sales +10.0% with growth in every division and category.
GAAP EPS $0.45 (-32% YoY); Base Business EPS $0.73 (-1% YoY). Gross margin fell 160bps to 56.9% due to pet food acquisitions.
Global toothpaste market share 40.2%; manual toothbrush share 30.6% year-to-date.
Operating cash flow $735M in first three months of 2023.
Full-year 2023 financial guidance updated; no specific numbers provided in the release excerpt.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

COLGATE PALMOLIVE CO reported the quarter ended March 31, 2023 results: revenue $4,770, EPS $0.45.

Period: the quarter ended March 31, 2023
Revenue: $4,770
EPS: $0.45
Result: reported results

Exact text from the filing

date The Company updated its financial guidance for full year 2023 First Quarter Total Company Results (GAAP) ($ in millions except per share amounts) 2023 2022 Change Net Sales $4,770 $4,399 +8.5% EPS (diluted) $0.45 $0.66 -32% First Quarter Total Company Results (Base Business - Non-GAAP)* 2023 2022 Change Organic Sales Growth +10.0% Base Business EPS

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Source: SEC EDGAR

accession 0001157523-23-000642

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