Colgate-Palmolive (CL) Reports In-Line Q3 EPS; Raises FY Organic Sales Guidance
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Colgate Announces 3rd Quarter 2022 Results
October 28, 2022 6:55 AM EDTÂ
NEW YORK--(BUSINESS WIRE)-- Colgate-Palmolive Company (NYSE: CL):
Net sales increased 1.0%; Organic sales* increased 7.0% with growth in every division and all four categories GAAP EPS declined 1% to $0.74; Base Business EPS* declined 9% to $0.74, both of which reflect a negative foreign exchange translation impact of $0.05 GAAP Gross profit margin and Base Business Gross profit margin* both decreased 220 basis points to 57.2% Net cash provided by operations was $1,883 million for the first nine months of 2022 Colgates leadership in toothpaste continued with its global market share at 39.7%... More