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Colgate’s leadership in toothpaste continued with its global market share at 40.2% year to date.
April 28, 2023
By: Lianna Albrizio
Associate Editor
Net sales for the Colgate-Palmolive Company increased 8.5% for the first quarter 2023. Organic sales increased 10.0% with growth in every division and in all four categories. GAAP EPS declined 32% to $0.45; base business EPS declined 1% to $0.73. GAAP Gross profit margin and base business gross profit margin both decreased 160 basis points to 56.9%, including a negative 90 basis point impact from private label sales resulting from the previously disclosed acquisitions of pet ...
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