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2w ago

Colgate-Palmolive Trims 2025 Organic Sales Forecast After Q2 Beat

Colgate-Palmolive lowered its full-year organic sales forecast to 2 to 4 percent in response to foreign exchange headwinds, shifting consumer preferences.

Colgate-Palmolive warned about customers' "destocking" their pantries intead of buying new items.
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Overview

  • Colgate-Palmolive reported adjusted EPS of $0.92 and net sales of $5.11 billion in the second quarter, topping analyst forecasts.
  • Organic sales grew 1.8 percent year over year in Q2, reflecting modest momentum but slower volume growth in emerging markets.
  • The company cut its full-year organic sales outlook to 2 to 4 percent from 3 to 5 percent and projects low single-digit net sales growth after factoring in flat to low-single-digit negative foreign exchange impacts.
  • CEO Noel Wallace said the company is sharpening value-focused offerings as consumers trade down on staples like toothpaste, soap and pet nutrition.
  • Analysts at Wells Fargo, Morgan Stanley, JP Morgan and Citigroup responded by lowering their price targets and maintaining mixed ratings on the stock.