Colgate-Palmolive Q2 2026: Base Business EPS Beats by $0.04, Guidance Raised
CL sits 21% above its 52-week low of $74.545.
Summary
Colgate-Palmolive reported Q2 2026 Base Business EPS of $0.99, beating consensus by $0.04, and raised its full-year earnings and gross margin guidance.
Key Events · Earnings and Guidance · CL
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Q2 Earnings Beat
Base Business EPS of $0.99 exceeded the $0.95 consensus by $0.04. GAAP EPS was $0.86, down 5% YoY due to restructuring charges.
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Organic Sales Growth
Organic sales grew 2.4%, driven by 0.8% organic volume growth and 1.6% pricing. Reported net sales rose 4.9% to $5,361 million.
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Margin Expansion
Gross profit margin expanded 140 basis points to 61.5% on a GAAP basis, reflecting productivity gains and favorable pricing.
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Full-Year Guidance Raised
Base Business EPS growth outlook raised to mid-single-digits (from low- to mid-single-digits). Gross margin now expected roughly flat, up from prior expectation of a decline.
Analysis · CL · Industrial Applications And Services
Colgate-Palmolive delivered a strong Q2 2026, with Base Business EPS of $0.99 beating the $0.95 consensus by $0.04. Organic sales grew 2.4% on broad-based volume and pricing gains, while gross margin expanded 140 basis points to 61.5%. Management raised its full-year Base Business EPS growth outlook to mid-single-digits (from low- to mid-single-digits) and now expects gross margin to be roughly flat, an improvement from the prior expectation of a decline. The results demonstrate resilient demand and pricing power across most geographies, despite a challenging operating environment. The 15% increase in advertising spend signals confidence in sustaining brand momentum. For a $73B consumer staples giant, a guidance raise and margin expansion are material positive signals that should support the stock.
At the time of this filing, CL was trading at $90.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $73.3B. The 52-week trading range was $74.55 to $99.33. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.