Colgate-Palmolive EPS Up, Revenue Lags

Consumer goods manufacturer Colgate-Palmolive (NYSE:CL) reported mixed fourth-quarter and full-year 2024 earnings on Friday, Jan. 31. Adjusted earnings per share (EPS) for Q4 rose to $0.91, surpassing Wall Street consensus estimates of $0.89. However, revenue of $4.944 billion came in just short of the expected $4.98 billion. For the full year, the company exceeded $20 billion in net sales for the first time, totaling $20,101 billion (up 3.3% from 2023). Organic sales growth for the year was 7.4%.

The quarter's (and the annual) performance reflects the company's resilience amidst competitive pressures and highlights its market leadership in key segments.

Source: Colgate-Palmolive. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.

Continue reading

Source Fool.com