8 articles · Updated · The Wall Street Journal · May 1
Revenue reached $5.32 billion versus $5.22 billion expected, while base earnings were 97 cents a share and net income fell to $646 million from $690 million.
Growth across all international divisions offset a 1.8% decline in North American sales, as weak US consumer sentiment weighed on demand.
The company maintained its full-year sales growth forecast of 2% to 6% but now expects gross profit margin to be lower, reversing its previous outlook for improvement.
Can Colgate’s innovation and AI strategies truly offset North America’s declining sales and persistent inflationary pressures?
How might ongoing geopolitical shocks and rising commodity costs reshape the future of global consumer goods giants like Colgate?