Summary
Colgate-Palmolive Company reported net sales of $5.324 billion for the three months ended March 31, 2026, an increase of 8.4% compared to the prior year's quarter. This growth was driven by a combination of volume increase, net selling price adjustments, and favorable foreign exchange rates, alongside a contribution from the Prime100 acquisition. Diluted earnings per share for the quarter were $0.80, a decrease from $0.85 in the same period last year, primarily impacted by charges related to the expanded Strategic Growth and Productivity Program. Excluding these program charges and other one-time items, adjusted earnings per share increased to $0.97. The company continues to navigate a challenging global environment characterized by geopolitical tensions and inflationary pressures. Despite these headwinds, Colgate-Palmolive is executing its 2030 strategy, focusing on organic sales growth, operational efficiencies, and effective capital allocation. The expansion of the Strategic Growth and Productivity Program, now expected to incur charges between $350-$550 million, aims to drive future growth and efficiency, with projected annualized pre-tax savings of $200-$300 million.
Financial Highlights
47 data points| Revenue | $5.32B |
| Cost of Revenue | $2.10B |
| Gross Profit | $3.23B |
| SG&A Expenses | $2.08B |
| Operating Income | $964.00M |
| Net Income | $646.00M |
| EPS (Basic) | $0.81 |
| EPS (Diluted) | $0.80 |
| Shares Outstanding (Basic) | 802.30M |
| Shares Outstanding (Diluted) | 805.10M |
Key Highlights
- 1Net sales increased by 8.4% to $5.324 billion for Q1 2026, driven by volume, pricing, and foreign exchange, with organic sales growing 2.9%.
- 2Diluted EPS decreased to $0.80 from $0.85 year-over-year, impacted by restructuring charges. Adjusted diluted EPS rose to $0.97.
- 3Gross profit margin slightly decreased to 60.6% from 60.8%, primarily due to higher raw and packaging material costs, partially offset by cost savings and pricing.
- 4The "Strategic Growth and Productivity Program" was expanded, with total estimated pre-tax charges now between $350-$550 million, up from $200-$300 million.
- 5Hill's Pet Nutrition segment sales grew 6.7%, with organic sales up 2.1%, despite a negative impact from lower private label pet food sales.
- 6Operating profit decreased 10% year-over-year to $964 million, largely due to $171 million in charges from the Strategic Growth and Productivity Program.
- 7The company repurchased approximately 3.4 million shares for nearly $300 million during the quarter under its share repurchase program.