Colgate-Palmolive reported robust Q3 2024 results, with net sales up 2.4% to $5,033 million and organic sales growth of 6.8%. Diluted EPS rose 5% to $0.90, while base business EPS increased 6% to $0.91. Gross profit margin expanded 260 basis points to 61.1%.The company saw positive volume growth across all operating divisions for the second consecutive quarter. Advertising investment increased by 16% to support innovation and brand building. Colgate maintained its global leadership in toothpaste and manual toothbrushes, with market shares of 41.6% and 32.3% respectively year-to-date.Based on strong performance, Colgate raised its full-year 2024 guidance. The company now expects 3-5% net sales growth, 7-8% organic sales growth, and 10-11% base business EPS growth. Management expressed confidence in executing strategies to deliver consistent, compounded earnings growth and drive cash flow.

Colgate-Palmolive reported robust Q3 2024 results, with net sales up 2.4% to $5,033 million and organic sales growth of 6.8%. Diluted EPS rose 5% to $0.90, while base business EPS increased 6% to $0.91. Gross profit margin expanded 260 basis points to 61.1%.The company saw positive volume growth across all operating divisions for the second consecutive quarter. Advertising investment increased by 16% to support innovation and brand building. Colgate maintained its global leadership in toothpaste and manual toothbrushes, with market shares of 41.6% and 32.3% respectively year-to-date.Based on strong performance, Colgate raised its full-year 2024 guidance. The company now expects 3-5% net sales growth, 7-8% organic sales growth, and 10-11% base business EPS growth. Management expressed confidence in executing strategies to deliver consistent, compounded earnings growth and drive cash flow.