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PCE results were as in-line with expectations as one could expect: +0.3% on headline month over month, +2.6% year over year.
The headline numbers for Colgate-Palmolive (CL) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Consumer goods manufacturer Colgate-Palmolive (CL -5.19%) 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.
Colgate-Palmolive (CL) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.87 per share a year ago.
Colgate-Palmolive's CEO noted that the company hit an “exciting milestone,” but it wasn't enough to lift the stock premarket.
Toothpaste maker Colgate-Palmolive forecast annual sales below Wall Street expectations after missing quarterly sales estimates on Friday, hurt by weak demand in North America and Latin America for its household products.
NEW YORK--(BUSINESS WIRE)--Colgate-Palmolive Company (NYSE:CL): Full Year Delivered over $20 billion in Net sales for the first time Net sales increased 3.3%; Organic sales* increased 7.4%, including a 0.5% negative impact from lower private label pet volume GAAP EPS increased 27% to $3.51; Base Business EPS* increased 11% to $3.60 Net cash provided by operations was $4,107 for the full year, up 10% versus 2023 Returned $3.4 billion in cash to shareholders through dividends and share repurchase.
Colgate-Palmolive Company CL will release earnings results for its fourth quarter before the opening bell on Friday, Jan. 31, 2025.
The Colgate-Palmolive stock price remains in a deep correction as investors wait for the fourth-quarter results. CL has plunged by over 17%, bringing its market cap to about $73 billion.
CL's Q4 results are expected to reflect gains from pricing, funding-the-growth and other productivity initiatives, supporting strong business momentum.