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%.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 26, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.