Colgate-Palmolive Q2 2024 EPS rises 48% to $0.89; raises organic sales guidance
Colgate-Palmolive reported second quarter 2024 net sales of $5,058 million, up 4.9%, and GAAP diluted EPS of $0.89, up 48% from $0.60. The company raised its full-year 2024 organic sales growth guidance to 6% to 8% and its Base Business EPS growth guidance to 8% to 11%.
- Organic sales grew 9.0% in the quarter; Base Business EPS rose 18% to $0.91
- GAAP gross profit margin rose 280 basis points to 60.6%
- Full-year 2024 organic sales growth guidance raised to 6% to 8% from 5% to 7%
- Net sales growth guidance of 2% to 5% unchanged, including a mid-single-digit negative foreign exchange impact