Colgate-Palmolive up after raising annual profit, profit margin forecasts

Colgate-Palmolive

30/10/2026 14:21

Updates
** Shares of toothpaste maker Colgate-Palmolive CL.N up as much as 5.6% at $98.38 - highest since March 2026
** Co raises its annual adjusted profit and gross profit margin forecasts and beats Q3 net sales, profit estimates
** Expects full-year 2026 adjusted earnings per share growth of 5% to 7%, compared with mid-single-digit growth previously
** Sees annual adjusted gross profit margin up, versus roughly flat previously
** Co narrows annual net sales growth forecast to 4% to 5% from prior 2% to 6%
** Reports third-quarter net sales of $5.37 billion, compared with analysts' estimates of $5.33 billion — data compiled by LSEG
** Logs adjusted EPS of 97 cents, beating expectations of 93 cents
** Up to last close, stock up about 18% YTD

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))