Colgate-Palmolive delivered a third quarter beat across top and bottom lines, supported by broad-based growth in four of five divisions. The company reported its fourth consecutive quarter of sequential volume improvement alongside continued pricing strength.
Key Highlights
- Organic sales growth reached 3.6%, slightly ahead of the 3.5% estimate, despite a 0.2% negative impact from lower private label pet food sales.
- Base business gross profit margin expanded 90 basis points to 60.3%, fueled by productivity initiatives and pricing power.
- Worldwide volume growth improved to 1.7%, while net pricing contributed 2.0% to the total growth narrative.
- Management raised full-year 2026 guidance, now expecting Base Business EPS growth of 5% to 7% and expanded gross margins.