Overview

• Consumer products maker's Q1 net sales rose 8.4%, beating analyst expectations

• Adjusted EPS for Q1 grew 7% and beat analyst expectations

• Company expanded Strategic Growth and Productivity Program, raising projected charges and savings

Outlook

• Colgate-Palmolive maintains 2026 net sales growth guidance of 2% to 6%

• Company now expects 2026 gross profit margin to be down, versus up previously

• Colgate-Palmolive expects volatile macroeconomic conditions and slower category growth to continue in 2026

Result Drivers

• BROAD-BASED SALES GROWTH - Co said net and organic sales grew in every category and in four of five divisions, with both pricing and volume contributing

• PRIVATE LABEL PET FOOD EXIT - Organic sales growth was negatively affected by lower private label pet food sales

• HIGHER ADVERTISING SPENDING - Advertising spending increased year over year

Company press release: ID:nBw1SbSpda

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Sales	Beat	$5.32 bln	$5.22 bln (12 Analysts)
Q1 Adjusted EPS	Beat	$0.97	$0.95 (16 Analysts)
Q1 EPS		$0.80

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the personal products peer group is "buy"

• Wall Street's median 12-month price target for Colgate-Palmolive Co is $98.00, about 14.8% above its April 30 closing price of $85.36

• The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 23 three months ago

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