Company News, Financial News

Net Sales Increased 10.5% for Colgate-Palmolive Company in Q3 2023

Net cash provided by operations was $2.6 billion for the first nine months of 2023 up 39% versus 2022.

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By: Lianna Albrizio

Associate Editor

Net sales for Colgate-Palmolive Company increased 10.5% in Q3 2023.    Organic sales increased 9.0% with growth in five out of six divisions and in all four categories.   GAAP Gross profit margin increased 130 basis points to 58.5%.   Base Business Gross profit margin increased 140 basis points to 58.6%, up 190 basis points excluding a negative 50 basis point impact from private label sales resulting from the previously disclosed acquisitions of pet food businesses.  ...

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