— Colgate-Palmolive Company (NYSE: CL) reported Q4 2019 earnings of $0.73 per share, vs. $0.73 expected.
— Sales grew 5.5% to $4 billion, vs. $3.9 billion expected.
— North America net sales increased 1.5%.
— Latin America net sales rose 2%.
— Europe net sales increased 10%.
— Asia-Pacific net sales grew 7%.
— Africa/Eurasia net sales increased 7.5%.
— Hill’s Pet Nutrition net sales rose 8%.
— FY2020 net sales is expected to grow 4-6% and organic
sales is expected to grow 3-5%.
— For FY2020, the company expects a mid to high single
digit increase in GAAP EPS and a low to mid single digit increase in adjusted
EPS.
— CL shares were up 5% in premarket hours on Friday.
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