earnings
confidence high
sentiment neutral
materiality 0.75
Colgate reports Q2 GAAP EPS down 17% to $0.60; Base Business EPS up 7% to $0.77
COLGATE PALMOLIVE CO
2023-Q2 EPS reported
$1.05
revenue$9,592,000,000
- Net sales $4,822M (+7.5% YoY); organic sales +8.0% with growth in every division.
- GAAP gross margin +80bps to 57.8%; Base Business gross margin also 57.8% (incl. -70bps from pet food acquisitions).
- Net cash from operations $1,457M in H1 2023.
- Global toothpaste market share 40.5%; manual toothbrushes 30.4% YTD.
- Company updated full-year 2023 financial guidance.