Colgate-Palmolive (CL) Tops Q2 EPS by 2c, Beats on Revenue
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Colgate Announces 2nd Quarter 2023 Results
July 28, 2023 6:55 AM EDTNEW YORK--(BUSINESS WIRE)-- Colgate-Palmolive Company (NYSE: CL):
Net sales increased 7.5%; Organic sales* increased 8.0% with growth in every division and in all four categories GAAP EPS declined 17% to $0.60; Base Business EPS* increased 7% to $0.77 GAAP Gross profit margin and Base Business Gross profit margin* both increased 80 basis points to 57.8%, including a negative 70 basis point impact from private label sales resulting from the previously disclosed acquisitions of pet food businesses Net cash provided by operations was $1,457 million for the first six months of 2023 Colgates... More