Colgate-Palmolive Q1 Results Beat View : vimarsana.com

Colgate-Palmolive Q1 Results Beat View


Colgate-Palmolive Q1 Results Beat View
NEW YORK CITY (dpa-AFX) - Colgate-Palmolive Co. (CL) reported a profit for the first-quarter that declined 4.8 percent from last year. But, net sales for the first-quarter increased 6.0 percent, organic sales increased 5.0 percent. Both adjusted earnings and sales beat analysts' estimates. The company reiterated its financial guidance for full year 2021.
In Friday pre-market trade, CL was trading at $81.53 up $1.71 or 2.14 percent.
Looking ahead, the company expects volatility in consumer demand and currencies as well as further increases in raw material prices and logistics costs, but remain confident that its investment choices and growth strategies will help the company manage through challenges and emerge even stronger.

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