NYSE$CL

Colgate-Palmolive · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Net sales and EPS increased driven by volume growth and higher pricing.

Colgate-Palmolive reported strong second-quarter results with net sales increasing by 9.5% and EPS growing by 12%. The company's organic sales grew by 5.0%, marking the tenth consecutive quarter of growth in or above the targeted range. Despite facing raw material and logistics cost headwinds, the company delivered increased operating profit, net income, and earnings per share on a Base Business basis.

  • Net sales increased 9.5% and organic sales grew 5.0%.
  • EPS grew 12% to $0.83 on a GAAP basis.
  • GAAP Gross profit margin decreased 80 basis points to 60.0%.
  • Colgate’s leadership in toothpaste continued with its global market share at 39.3% year to date.

Headline financials

Total Revenue

$4.26B

Previous: $3.9B+9.3%
EPS (adj)

$0.80

Previous: $0.74+8.1%
Free Cash Flow

$703M

Previous: $635M+10.7%
Net Income

$703M

Previous: $635M+10.7%
Operating Income

$996M

Previous: $946M+5.3%
Gross Profit

$2.56B

Previous: $2.37B+7.9%
Cash & Equivalents

$937M

Previous: $997M-6.0%
Total Assets

$16B

Previous: $15.1B+5.7%
Stock-Based Comp

$20M

Previous: $16M+25.0%

Revenue & EPS history

Colgate · Revenue · Quarterly

$4.26B

Q2 2021+9.3%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Colgate · $4.26B total across 6 segments · Q2 2021

  • OPHC North America
    $912M-3.9%
  • OPHC Latin America
    $907M+12.7%
  • Pet Nutrition
    $794M+18.2%
  • OPHC Europe
    $709M+14.9%
  • OPHC Asia Pacific
    $673M+7.7%
  • OPHC Africa/Eurasia
    $265M+15.7%

Forward guidance

The Company still expects net sales to be up 4% to 7% including a low-single-digit benefit from foreign exchange. The Company still expects organic sales to be up within its long-term targeted range of 3% to 5%. On a GAAP basis, the Company now expects a decline in gross profit margin, increased advertising investment and earnings-per-share growth at the lower end of its low to mid-single-digit range. On a non-GAAP (Base Business) basis, the Company now expects a decline in gross profit margin, increased advertising investment and earnings-per-share growth at the lower end of its mid to high-single-digit range.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.4%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.0%

Avg return

30 days after

42%

31 / 73 earnings

Positive

+8.0%

Q4 2025

Best reaction

-9.3%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.2%+3.3%+5.7%
Q4 2025+8.0%+10.7%+16.3%
Q3 2025-2.0%+0.5%+5.1%
Q2 2025-0.4%+0.9%+0.3%
Q1 2025+1.3%-0.6%-0.1%
Q4 2024-4.6%+1.9%+1.8%
Q3 2024-4.0%-5.1%-4.8%
Q2 2024+4.5%+2.8%+8.0%
Q1 2024+1.3%+2.9%+4.5%
Q4 2023+3.4%+3.7%+6.2%
Q3 2023+1.1%+2.5%+5.8%
Q2 2023-1.1%+0.6%-4.3%
Q1 2023+3.5%+4.3%-2.2%
Q4 2022-3.5%-0.7%-3.2%
Q3 2022+0.8%-0.6%+4.8%
Q2 2022+2.4%+2.8%+0.0%
Q1 2022-7.4%-5.2%-2.9%
Q4 2021-0.3%+0.1%-5.5%
Q3 2021-1.2%+0.5%+0.2%
Q2 2021-4.8%-6.3%-7.3%
Q1 2021+1.6%+1.9%+5.0%
Q4 2020-0.8%-0.3%-5.0%
Q3 2020+4.6%+9.4%+10.7%
Q2 2020-0.4%-0.9%+3.3%
Q1 2020-1.1%-3.5%+2.9%
Q4 2019+7.9%+9.0%-2.7%
Q3 2019-4.7%-3.0%-1.1%
Q2 2019+5.1%-0.3%+0.4%
Q1 2019+3.9%+3.8%+3.7%
Q4 2018+0.9%+2.8%+7.6%
Q3 2018-9.3%-6.7%-3.2%
Q2 2018-0.7%-1.3%-0.1%
Q1 2018-2.0%-5.2%-4.3%
Q4 2017-4.6%-4.0%-9.1%
Q3 2017-2.8%-0.9%+1.1%
Q2 2017-0.3%+1.3%-1.5%
Q1 2017-2.0%-3.0%+2.9%
Q4 2016-5.4%-5.2%+7.5%
Q3 2016-0.1%-0.4%-6.6%
Q2 2016+1.6%+2.2%+1.6%
Q1 2016+2.3%
Q4 2015+1.8%
Q3 2015-2.5%
Q2 2015-1.3%
Q1 2015-1.2%
Q4 2014+3.7%
Q3 2014+1.6%
Q2 2014-3.3%
Q1 2014+2.2%
Q4 2013-0.6%
Q3 2013+0.2%
Q2 2013+3.0%
Q1 2013+0.9%
Q4 2012-0.9%
Q3 2012-2.5%
Q2 2012+4.8%
Q1 2012-1.2%
Q4 2011+0.2%
Q3 2011+0.8%
Q2 2011-1.3%
Q1 2011-0.9%
Q4 2010-0.6%
Q3 2010+2.1%
Q2 2010-5.8%
Q1 2010-1.1%
Q1 2009-1.1%
Q4 2009-0.0%
Q3 2008+1.2%
Q3 2009+1.2%
Q2 2009-4.5%
Q4 2007-4.5%
Q2 2008-4.5%
Q4 2008-4.5%

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