Colgate-Palmolive Reports Q3 Earnings Beat on Revenue and EPS
Colgate-Palmolive (CL) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and total revenue. The company posted a Non-GAAP EPS of $0.97, surpassing estimates by $0.04, while total revenue reached $5.37 billion, beating projections by $40 million. Net sales grew by 4.6% year-over-year, driven by an organic sales increase of 3.6%. Despite the overall growth, the company noted a slight 0.2% negative impact on organic sales due to declining private label pet food sales. The results reflect steady top-line momentum across its consumer goods portfolio.
Tickers: $CL
Topics: earnings beat non-GAAP EPS organic sales revenue growth