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Colgate-Palmolive Strong Pricing Expansion to Drive Base Business Earnings Expansion

publication date: Apr 1, 2024
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Image Source: Colgate-Palmolive. 

Looking to the full year 2024, Colgate-Palmolive expects its net sales growth to come in the range of 1%-4%, and that includes a modest headwind from foreign exchange. Organic revenue growth is expected to be in its targeted range of 3%-5% for the year, and management expects gross margin expansion and a double-digit earnings-per-share increase on a GAAP basis. On a base business basis, the company is anticipating a mid- to high-single digit earnings per share increase. All things considered, we liked Colgate-Palmolive’s fourth quarter results, and the firm’s ~2.2% forward estimated dividend yield isn’t too shabby.


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