Colgate-Palmolive Eyes Further Brand Penetration Following Q2 Performance, Raises Organic Revenue Growth Outlook
Portfolio Pulse from Shivani Kumaresan
Colgate-Palmolive Company (NYSE:CL) reported strong Q2 FY24 results with a 4.9% sales growth, beating analyst estimates. The company raised its organic revenue growth outlook and expects continued gross profit margin expansion and EPS growth.
July 26, 2024 | 11:52 am
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Colgate-Palmolive reported Q2 FY24 sales growth of 4.9%, beating analyst estimates. The company raised its organic revenue growth outlook and expects continued gross profit margin expansion and EPS growth.
Colgate-Palmolive's strong Q2 performance, beating both sales and EPS estimates, along with an improved outlook for organic revenue growth, is likely to positively impact the stock price in the short term. The company's ability to expand gross profit margins and increase advertising investment further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100