Colgate-Palmolive, On A GAAP Basis, Expects Gross Profit Margin Expansion, Increased Advertising Investment And Double-Digit EPS Growth
Portfolio Pulse from Benzinga Newsdesk
Colgate-Palmolive anticipates expansion in gross profit margin, higher advertising investment, and double-digit growth in earnings per share (EPS) on a GAAP basis.
January 26, 2024 | 11:59 am
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Colgate-Palmolive expects to see an expansion in gross profit margin, an increase in advertising investments, and a double-digit EPS growth, indicating a positive outlook for the company's profitability.
The company's expectation of gross profit margin expansion and double-digit EPS growth are strong indicators of financial health and profitability, which are likely to be viewed positively by investors. Increased advertising investment may also drive sales growth, further supporting the stock price in the short term.
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