Colgate-Palmolive reported strong Q2 2024 results, with net sales increasing 4.9% to $5.06 billion and organic sales growth of 9.0%. Earnings per share rose 48% to $0.89, or $0.91 on a non-GAAP basis. The company saw volume growth of 4.7% and net selling price increases of 4.2%, partially offset by negative foreign exchange of 4.1%.Operating profit increased 12% to $1.09 billion, with operating profit margin expanding 140 basis points to 21.6%. Gross profit margin improved 280 basis points to 60.6%, driven by cost savings and higher pricing. The company increased advertising investment by 18% to $706 million, representing 14.0% of net sales.By segment, Oral, Personal and Home Care net sales grew 4.7%, while Hill's Pet Nutrition sales rose 5.5%. Latin America led organic sales growth at 18.8%. The company maintained its leadership in the global toothpaste and manual toothbrush markets. Management expects continued volatility but remains confident in its strategy to drive organic sales growth and earnings per share growth through innovation and expansion in high-growth segments.

Colgate-Palmolive reported strong Q2 2024 results, with net sales increasing 4.9% to $5.06 billion and organic sales growth of 9.0%. Earnings per share rose 48% to $0.89, or $0.91 on a non-GAAP basis. The company saw volume growth of 4.7% and net selling price increases of 4.2%, partially offset by negative foreign exchange of 4.1%.Operating profit increased 12% to $1.09 billion, with operating profit margin expanding 140 basis points to 21.6%. Gross profit margin improved 280 basis points to 60.6%, driven by cost savings and higher pricing. The company increased advertising investment by 18% to $706 million, representing 14.0% of net sales.By segment, Oral, Personal and Home Care net sales grew 4.7%, while Hill's Pet Nutrition sales rose 5.5%. Latin America led organic sales growth at 18.8%. The company maintained its leadership in the global toothpaste and manual toothbrush markets. Management expects continued volatility but remains confident in its strategy to drive organic sales growth and earnings per share growth through innovation and expansion in high-growth segments.