Colgate-Palmolive Lifts FY26 EPS View, But Stock Drops 2.8% on Weak Q2 Profit
CL sits 21% above its 52-week low of $74.545.
Summary
Colgate-Palmolive raised its full-year Base Business EPS growth outlook to mid-single-digit from low- to mid-single-digit, and now sees gross margin roughly flat instead of declining. However, Q2 net income fell to $693M from $743M a year ago, and shares slid 2.78% pre-market despite a top- and bottom-line beat. The company reaffirmed its annual sales forecast amid weak North America demand, where sales declined 3%. The guidance lift signals confidence in cost management and pricing, but the profit drop and North America sales decline are weighing on sentiment.
At the time of this announcement, CL was trading at $90.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $73.3B. The 52-week trading range was $74.55 to $99.33. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.