Colgate-Palmolive rises on Q3 beat, raises profit outlook
+2.29% to $95.29 from $93.16
What moved CL
- Net sales rose 4.6% to $5.37 billion, with organic sales up 3.6%, reflecting 1.7 points of volume growth and 2 points from pricing.
- Base-business (non-GAAP) EPS of $0.97 beat the roughly $0.92-$0.93 analyst consensus.
- The company raised its 2026 base-business EPS growth outlook to 5%-7%, up from a prior mid-single-digit forecast, and said it expects gross margin to expand for the year.
- CEO Noel Wallace cited broad-based growth and pointed to another double-digit increase in advertising spending.
Sources: Yahoo Finance · Investing.com · GuruFocus