Colgate-Palmolive Stock Surges in 2025 After Beating Earnings and Raising Sales Forecasts
Colgate-Palmolive exceeded Q2 revenue and EPS expectations, boosting its stock and raising full-year organic sales growth outlook to 6%-8%, driving investor optimism.
Highlights
- Colgate-Palmolive's Q2 revenue and earnings per share surpassed analyst predictions, prompting an upward revision of full-year organic sales growth to 6%-8%.
- All operating divisions achieved positive volume growth, reflecting strong consumer demand across product categories.
- The stock climbed approximately 4% on Friday, nearing its all-time closing high amid broad consumer staples sector gains.
In Q2 2024, Colgate-Palmolive Company (NYSE: CL) reported impressive financial results, with net sales reaching $5.06 billion—up nearly 5% year-over-year and above consensus estimates. Earnings per share stood at $0.89, exceeding the expected $0.87.
The company attributed its success to a balanced combination of volume growth and price increases across all its divisions, including oral care, personal care, and home products.
Colgate-Palmolive raised its full-year guidance for organic sales growth, excluding currency fluctuations, acquisitions, and divestitures, to a range of 6% to 8%, up from the previous 5% to 7%. Net sales growth is still projected between 2% and 5%, alongside improved gross margin expectations.
Following the earnings release, the stock surged about 4%, contributing to a year-to-date gain exceeding 25%. This momentum positively impacted the S&P 500 consumer staples sector, which advanced approximately 0.8% during Friday’s trading session.
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