Colgate Q3 2023 EPS rises 16% to $0.86 on 10.5% sales growth; full-year guidance raised
Colgate-Palmolive reported third quarter 2023 net sales of $4,915 million, up 10.5% from a year earlier, and GAAP diluted earnings per share of $0.86, up 16% from $0.74. The company raised its full-year 2023 financial guidance for net sales growth and organic sales growth, which signals higher expected results for shareholders.
- Third quarter 2023 net sales were $4,915 million, up 10.5% from $4,455 million in the year-earlier quarter.
- GAAP diluted EPS was $0.86 versus $0.74, up 16%; Base Business (non-GAAP) EPS also rose 16% to $0.86.
- Full-year 2023 net sales growth guidance was raised to 6% to 8% from 5% to 8%.
- Full-year 2023 organic sales growth guidance was raised to 7% to 8% from 5% to 7%.