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Colgate joins rivals including Unilever and Procter & Gamble in warning of mounting cost pressures from the U.S.-Iran conflict.
Colgate-Palmolive anticipates $300 million in additional raw material and logistics expenses for 2024.
KEY POINTS
- The company expects its cost-savings program to generate $200-$300 million, mostly from 2027 onward.
- Cost pressures linked to the U.S.-Iran conflict are driving Colgate and rivals to warn of higher input costs.
- Colgate plans continued price increases, primarily by launching new premium products to maintain margins.
COMPANIES
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