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7/28/2023, 12:57 PM (Source: TeleTrader)
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Colgate-Palmolive's Q2 EPS slide 17% to $0.60

Colgate-Palmolive Co. announced on Friday its second-quarter earnings per share (EPS) in 2023 fell 17% year on year to $0.60. Meanwhile, net sales rose 7.5% in the second trimester to reach $4.8 billion, in comparison to $4.5 billion recorded in the same period a year prior.

For the entire 2023, the company expects net sales growth to expand up to 8%, while organic sales are projected to rise between 5% and 7%.

"Our strong results this quarter and in the first half add to our confidence that we are executing the right strategies to deliver on our updated 2023 financial targets, drive cash flow and generate long-term value for our stakeholders," Chief Executive Noel Wallace said.

The company's stock was down 0.44% in the premarket trading.

Baha Breaking News (BBN) / AB