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Colgate-Palmolive Reports Strong Q1 Earnings Despite Lower Profit Projections

Colgate-Palmolive (CL) unveiled its first-quarter financial results on Friday, exceeding analysts’ expectations in multiple areas while adjusting its full-year sales and profit forecasts.

The company’s earnings per share (EPS) adjusted for base business came in at $0.91, on net sales amounting to $4.91 billion. This performance surpassed analysts’ forecasts, which had anticipated an EPS of $0.85 and net sales of $4.88 billion, according to data from Visible Alpha.

In light of current economic conditions, Colgate-Palmolive revised its full-year sales expectations. The company now predicts a low-single-digit percentage increase in net sales, a shift from its previous guidance of being “roughly flat.” This adjustment reflects an improved outlook regarding the impact of foreign exchange fluctuations. Conversely, the firm has lowered its EPS forecast, now expecting only low-single-digit growth rather than the previously anticipated low- to mid-single-digit rise.

CEO Noel Wallace acknowledged the ongoing challenges presented by uncertainties and volatility in global markets, particularly due to tariffs. He expressed confidence in the company’s strategy and emphasized the commitment to navigating these challenges effectively to meet their revised financial objectives for 2025.

Following the announcement, Colgate-Palmolive shares saw a 1.4% increase in pre-market trading, contributing to a total gain of 2% since the beginning of the year.

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