Colgate-Palmolive Reports Q3 2026 Earnings with Increased EPS Guidance
Colgate-Palmolive (CL) reported third-quarter net sales of $5,369 million, a 4.6% increase driven by pricing growth and volume gains in Latin America and Europe. Despite facing significant material price inflation from resins and petrochemicals, the company's productivity programs successfully expanded base business gross margins to 60.3%, up 90 basis points. The company raised its full-year base business EPS guidance to a 5% to 7% growth range, surpassing previous mid-single-digit expectations. While North American organic sales saw a slight decline due to volume contraction, strong performance in Latin America and Asia Pacific helped bolster overall results. Management also noted increased advertising investment to drive long-term brand equity.
Tickers: $CL
Topics: EPS Gross Margin Market Share Net Sales Organic Growth