Colgate-Palmolive Boosts FY24 Adj. EPS, Organic Sales Growth Outlook - Update

RTTNews | 94 days ago
Stocktwits
Colgate-Palmolive Boosts FY24 Adj. EPS, Organic Sales Growth Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Friday, Colgate-Palmolive Co. (CL) raised its adjusted earnings and organic sales growth guidance for the full-year 2024, while maintaining earnings and net sales growth outlook.

For fiscal 2024, the company now projects earnings per share growth in double-digit percentage and adjusted earnings per share growth of 8 to 11 percent on net sales growth of 2 to 5 percent, with organic sales growth of 6 to 8 percent.

Previously, the company expected earnings per share growth in double-digit percentage and adjusted earnings per share growth in the mid to high-single-digit percentage on net sales growth of 2 to 5 percent, with organic sales growth of 5 to 7 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.53 per share on sales growth of 3.7 percent to $20.18 billion for the year. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: CL
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Colgate-Palmolive Q4 Results Top Market; Sees Growth In FY24

Colgate-Palmolive Q4 Results Top Market; Sees Growth In FY24

Consumer products major Colgate-Palmolive Co. on Friday reported significantly higher profit in its fourth quarter, above market estimates. The top line also increased and beat the Street view. Looking ahead for fiscal 2024, the company expects double-digit earnings-per-share growth on a reported basis, and mid to high-single-digit earnings-per-share growth on an adjusted basis.
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While reporting financial results for the first quarter on Friday, Colgate-Palmolive Co. (CL) maintains its earnings and adjusted earnings growth guidance for the full-year 2023, while boosting net sales and organic sales growth outlook.
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RTTNews | 6h 10min ago
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