News
Colgate-Palmolive’s 1st-Quarter Sales Rise 8.5%
April 28, 2023
Colgate-Palmolive Co. has reported first-quarter net sales of US$477 billion, an increase of 8.5% year-over-year.
Colgate-Palmolive reported a first-quarter operating profit of $909 million, or $0.45 per share, up 6% from the same period last year. In North America, Colgate-Palmolive’s net sales rose 3.5% while its European division posted a slight decrease of 0.5% The company’s Asia-Pacific segment saw sales rise 1.5% and its Latin America division posted a 12.5% jump.
“Our first quarter results provide further proof that our strategy to accelerate growth is working. We began 2023 with positive momentum, with sequential improvement in net and organic sales growth, gross profit margin, advertising spending, operating profit, and free cash flow. Net sales increased 8.5%, and organic sales grew 10.0% with growth in every division and in all four of our categories,” said Noel Wallace, Colgate-Palmolive president and CEO.
About Colgate-Palmolive
Founded in 1806, Colgate-Palmolive is a New York-based manufacturer and distributor of household, healthcare, and personal products. For more information, visit www.colgatepalmolive.com.
