Colgate-Palmolive: targets raised for 2024

(CercleFinance.com) - On its quarterly earnings call, Colgate-Palmolive announced that it now expects 8% to 11% adjusted EPS growth (non-GAAP) FY 2024, rather than mid-to-high single-digit growth, as previously estimated.


While it still expects annual revenue growth of 2% to 5% on a reported basis, the personal care products manufacturer is raising its organic growth target to between 6% and 8% (from 5% to 7%).

Colgate-Palmolive posted Q2 adjusted EPS up 18% to $0.91, on sales that rose 4.9% to $5.06bn, including 9% organic growth, driven by both volumes and prices.


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