Categories Earnings, LATEST, Retail

Colgate-Palmolive (CL): Q4 2019 Earnings Snapshot

— 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.

Colgate-Palmolive reports Q4 2019 earnings results

— 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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Also Read:  American Eagle Outfitters (AEO) Earnings: 2Q20 Key Numbers

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