- Colgate-Palmolive Q2 Non-GAAP EPS of $0.72 beats by $0.01.
- Revenue of $4.48B (+5.2% Y/Y)beats by $130M.
- Shares stayed almost flat PM.
- The company raised its organic sales growth guidance for full year 2022 to 5% to 7%.
- The company still expects net sales growth to be at the higher end of 1% to 4%, now including a mid-single-digit negative impact from foreign exchange vs. consensus growth of 2.36%.
- On a GAAP basis, the company still expects a decline in gross profit margin, increased advertising investment and double-digit earnings-per-share growth.
- On a non-GAAP (Base Business) basis, the company still expects a decline in gross profit margin, increased advertising investment and a mid-single-digit earnings-per-share decline.
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Colgate-Palmolive Non-GAAP EPS of $0.72 Beats By $0.01, Revenue of $4.48B Beats By $130M
Seeking Alpha2022-07-29
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- tungleh·2022-07-30[Happy]1Report