Colgate: quarterly EPS just above expectations
(CercleFinance.com) - Colgate-Palmolive has published Q1 2019 adjusted net income that is down 11% at 582 million dollars, or 67 cents per share, which is one cent above the consensus.
The personal hygeine product maker saw its adjusted gross margin fall by 110 basis points to 59.2%, for revenues that are down 3% to less than 3.9 billion dollars, but up 3% in organic terms.
For FY 2019, the group still expects a mid-single-digit fall in EPS, but an expansion in its gross margin and flat or low single-digit growth in sales (+2% to +4% in organic terms).
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The personal hygeine product maker saw its adjusted gross margin fall by 110 basis points to 59.2%, for revenues that are down 3% to less than 3.9 billion dollars, but up 3% in organic terms.
For FY 2019, the group still expects a mid-single-digit fall in EPS, but an expansion in its gross margin and flat or low single-digit growth in sales (+2% to +4% in organic terms).
Copyright (c) 2019 CercleFinance.com. All rights reserved.