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COLGATE-PALMOLIVE COMPANY

(CL)
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Colgate-Palmolive Sees Higher 2nd Half Costs Eating Into Margins

07/30/2021 | 08:00am EDT

By Adriano Marchese

Colgate-Palmolive Co. said Friday that sales targets for 2021 remain on track, but cost-pressures will chip away at its margins in the second half of the year.

The consumer-products company on Friday said that it still expects net sales to be up 4% to 7% including a low-single-digit benefit from foreign exchange, but gross profit margin is expected to decline.

As a result, earnings per share are expected to be at the lower end of its low- to mid-single-digit range.

Colgate-Palmolive still expects organic sales to be up within its long-term targeted range of between 3% and 5%.

"As we look around the world, there is still much uncertainty stemming from the COVID-19 pandemic, including volatility in consumer demand and currencies and supply chain disruptions," Chairman and Chief Executive Officer Noel Wallace said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

07-30-21 0759ET

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Analyst Recommendations on COLGATE-PALMOLIVE COMPANY
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Financials (USD)
Sales 2021 17 493 M - -
Net income 2021 2 767 M - -
Net Debt 2021 6 633 M - -
P/E ratio 2021 23,5x
Yield 2021 2,34%
Capitalization 64 436 M 64 436 M -
EV / Sales 2021 4,06x
EV / Sales 2022 3,91x
Nbr of Employees 34 200
Free-Float 57,7%
Chart COLGATE-PALMOLIVE COMPANY
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Colgate-Palmolive Company Technical Analysis Chart | CL | US1941621039 | MarketScreener
Technical analysis trends COLGATE-PALMOLIVE COMPANY
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 76,39 $
Average target price 87,11 $
Spread / Average Target 14,0%
EPS Revisions
Managers and Directors
Noel R. Wallace Chairman, President & Chief Executive Officer
Stanley J. Sutula Chief Financial Officer
Michael Crowe Chief Information Officer
Patricia D. Verduin Chief Technology Officer
Lia Arvanitidou Vice President-Global Research & Development
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