Colgate-Palmolive: tightens up target range for 2024
(CercleFinance.com) - Colgate-Palmolive has raised its 2024 targets, aiming for adjusted EPS growth of 10% to 11% (instead of 8%-11%), and sales growth of between 3% and 5% (of which 7%-8% organic).
NB: pmt -1%.
The personal care products group's Q3 EPS rose 6% to $0.91, on revenues up 2.4% to $5.03bn (+6.8% organic), thanks to a healthy balance between volume growth and price increases.
We expect to continue to invest in advertising through to the end of the year, as we focus on strengthening the health of the brand and expanding the capabilities needed to drive growth, management says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
NB: pmt -1%.
The personal care products group's Q3 EPS rose 6% to $0.91, on revenues up 2.4% to $5.03bn (+6.8% organic), thanks to a healthy balance between volume growth and price increases.
We expect to continue to invest in advertising through to the end of the year, as we focus on strengthening the health of the brand and expanding the capabilities needed to drive growth, management says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.