Colgate-Palmolive lowers full-year sales outlook, Q3 earnings top estimates By Investing.com

Colgate-Palmolive's Q3 earnings beat expectations with adjusted EPS of ninety-one cents, but organic sales growth was only zero point four percent. Despite strong market share in oral care, Colgate lowered its full-year organic sales growth outlook to one to two percent due to slowing demand. Gross profit margin slipped to fifty-nine percent, and operating profit dropped by two percent. Colgate's pet nutrition business showed a small gain in net sales but a dip in organic growth. Despite these challenges, Colgate remains committed to its full-year earnings target and new long-term strategy, aiming for low single-digit growth in earnings per share and maintaining profit margins.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.