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Net sales increased 8.4%, while organic sales rose 2.9%.
Colgate-Palmolive raised expected pretax charges for its Strategic Program to $350–$550 million from prior estimates.
KEY POINTS
- The company now forecasts gross profit margin decline on both GAAP and non-GAAP basis, reversing previous guidance.
- North America saw a 28% drop in operating profit, while Latin America operating profit rose 15%.
- Colgate-Palmolive reaffirmed 2026 sales forecast but warns of declining margins and increased advertising costs.
- The Middle East conflict is directly increasing company raw materials, packaging, and logistics costs globally.
COMPANIES
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