Colgate-Palmolive (NYSE:CL) reported a 6.2% increase in Q1 FY24 sales to $5.065 billion, surpassing analyst expectations. Organic sales rose by 9.8%, with Oral, Personal, and Home Care net sales up 6.8% to $3.96 billion. Non-GAAP EPS of $0.86 exceeded estimates of $0.81. The company saw gross profit of $3.03 billion and an operating margin expansion to 20.7%. Colgate-Palmolive raised its FY24 net sales growth outlook to 2%-5% and organic sales growth to 5%-7%, maintaining expectations for gross profit margin expansion and mid to high-single-digit EPS growth. Shares increased by 0.85% to $90.05 in premarket trading.