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Colgate’s 1st-Quarter Sales Rise 6.2%

Colgate-Palmolive Co. has reported first-quarter net sales of US$5.1 billion, an increase of 8.5% year-over-year.

Colgate-Palmolive reported a first-quarter operating profit of $1.04 billion, or $0.83 per share, up 15% from the same period last year. In North America, Colgate-Palmolive’s net sales rose 4% while its European division posted an increase of 9.5%. The company’s Asia-Pacific segment saw sales dip 1.5%, while its Latin America division posted a 16.5% jump.

“We are very pleased to have started 2024 with another quarter of strong top and bottom-line performance as we continued to execute our strategy successfully,” said Noel Wallace, Colgate-Palmolive president and CEO. “Net sales increased 6.2% and organic sales grew 9.8%, with organic sales growth in every division and across all categories. We are particularly pleased to have delivered double-digit growth in operating profit, net income, and earnings per share for the third consecutive quarter while still investing for the long-term health of our business.”

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 colgatepalmolive.com.