Clorox lifts annual profit view after beating quarterly estimates on solid demand [Yahoo! Finance Canada]
Colgate-Palmolive Company (CL)
Last colgate-palmolive company earnings: 5/1 06:55 am
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Source: Yahoo! Finance Canada
"We saw consumption slowing down at the end of last fiscal year," CFO Kevin Jacobsen told Reuters, adding that the company expects consumers to remain under pressure this year. Its quarterly gross margin expanded 740 basis points to 45.8%. While Clorox and Colgate-Palmolive reported an uptick in sales volumes, Kimberly-Clark was hit by consumers swapping its pricey goods for cheaper alternatives. The company's revenue rose 27% to $1.76 billion in the quarter ended Sept. 30, beating estimates of an 18.8% increase to $1.65 billion. On an adjusted basis, it earned $1.86 per share, compared with analysts' estimate of $1.39 per share, as per data compiled by LSEG. For fiscal 2025, the company expects earnings per share to be between $6.65 and $6.90, compared with its prior forecast range of $6.55 to $6.80. (Reporting by Anuja Bharat Mistry in Bengaluru and Jessica DiNapoli in New York; Editing by Maju Samuel) Recommended Stories
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CL
Earnings
- 10/25/24 - Beat
CL
Sec Filings
- 11/12/24 - Form SC
- 11/7/24 - Form 4
- 11/5/24 - Form 144
- CL's page on the SEC website