Colgate-Palmolive reported Q3 2024 net sales of $5.03 billion, up 2.4% year-over-year, driven by volume growth of 3.7% and pricing gains of 3.1%, partially offset by 4.4% negative foreign exchange impact. Organic sales grew 6.8%, with strong performance across all segments. Operating profit increased 4% to $1.07 billion.The company's gross profit margin expanded 260 basis points to 61.1%, benefiting from cost savings initiatives and higher pricing, while operating profit margin improved 30 basis points to 21.2%. The Oral, Personal and Home Care segment saw 1.3% sales growth, while Hill's Pet Nutrition delivered 6.3% growth. Global toothpaste market share reached 41.6% year-to-date, up 0.5 points.Looking ahead, management expects continued market volatility amid challenging macroeconomic conditions, including inflation and foreign currency fluctuations. The company remains focused on driving organic growth through innovation, expanding in faster-growing channels and markets, and delivering margin expansion through operational efficiency. The 2022 Global Productivity Initiative is on track to deliver approximately $125 million in annual pretax savings.

Colgate-Palmolive reported Q3 2024 net sales of $5.03 billion, up 2.4% year-over-year, driven by volume growth of 3.7% and pricing gains of 3.1%, partially offset by 4.4% negative foreign exchange impact. Organic sales grew 6.8%, with strong performance across all segments. Operating profit increased 4% to $1.07 billion.The company's gross profit margin expanded 260 basis points to 61.1%, benefiting from cost savings initiatives and higher pricing, while operating profit margin improved 30 basis points to 21.2%. The Oral, Personal and Home Care segment saw 1.3% sales growth, while Hill's Pet Nutrition delivered 6.3% growth. Global toothpaste market share reached 41.6% year-to-date, up 0.5 points.Looking ahead, management expects continued market volatility amid challenging macroeconomic conditions, including inflation and foreign currency fluctuations. The company remains focused on driving organic growth through innovation, expanding in faster-growing channels and markets, and delivering margin expansion through operational efficiency. The 2022 Global Productivity Initiative is on track to deliver approximately $125 million in annual pretax savings.