Colgate Now Expects FY23 Net Sales Growth 6-8% vs Prior Range Of 5-8%
Portfolio Pulse from Benzinga Newsdesk
Colgate has revised its FY23 net sales growth forecast to 6-8%, up from the previous range of 5-8%.

October 27, 2023 | 10:58 am
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POSITIVE IMPACT
Colgate's upward revision of its FY23 net sales growth forecast could potentially boost investor confidence and positively impact its stock price in the short term.
Companies often see their stock prices rise when they increase their sales or earnings forecasts, as this signals to investors that the company is performing well and expects to continue doing so. In this case, Colgate's upward revision of its FY23 net sales growth forecast could be seen as a positive sign by investors, potentially leading to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100