---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000642"
form_type: "8-K"
ticker: "CL"
cik: "0000021665"
company_name: "COLGATE PALMOLIVE CO"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:46:07.602132+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-000642
- form_type: 8-K
- ticker: CL
- cik: 0000021665
- company_name: COLGATE PALMOLIVE CO
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/21665/000115752323000642/0001157523-23-000642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/21665/000115752323000642/a53388924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000642
- JSON: https://secwatch.observer/filing/0001157523-23-000642.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000642.txt

## Key facts
- Earnings Releases
  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: $0.45
  - Result: reported results
  source text: date The Company updated its financial guidance for full year 2023 First Quarter Total Company Results (GAAP) ($ 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/21665/000115752323000642/0001157523-23-000642-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.