The consumer goods firm reported a 4.9% year-over-year revenue increase, matching expectations despite a slight organic sales dip.
Colgate-Palmolive posted Q2 non-GAAP earnings per share of $0.99, exceeding estimates by $0.04. Revenue reached $5.36 billion, up 4.9% from the prior year and in line with forecasts.
Organic sales growth slowed to 2.4%, partly due to a 0.4% decline in private label pet food sales. The company’s net sales increase mirrored the revenue gain, reflecting steady demand in core segments.
Shares showed limited movement in pre-market trading as investors digested the mixed organic performance against solid overall results.