NYSE$CL

Colgate-Palmolive · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Net sales and organic sales increased, while EPS declined on a GAAP basis.

Colgate-Palmolive reported a 6.5% increase in net sales and a 4.5% increase in organic sales for Q3 2021. EPS decreased by 7% on a GAAP basis to $0.75, but increased by 3% on a Base Business basis to $0.81. The company confirmed its full-year financial guidance.

  • Net sales increased 6.5% and organic sales increased 4.5%.
  • EPS declined 7% to $0.75 on a GAAP basis; base business EPS grew 3% to $0.81.
  • GAAP Gross profit margin decreased 180 basis points to 59.4%.
  • The Company confirmed its financial guidance for full year 2021

Headline financials

Total Revenue

$4.41B

Previous: $4.15B+6.3%
EPS (adj)

$0.81

Previous: $0.79+2.5%
Free Cash Flow

$634M

Previous: $698M-9.2%
Net Income

$634M

Previous: $698M-9.2%
Operating Income

$967M

Previous: $1.02B-5.0%
Gross Profit

$2.62B

Previous: $2.54B+3.3%
Cash & Equivalents

$958M

Previous: $989M-3.1%
Total Assets

$15.9B

Previous: $15.5B+2.7%
Stock-Based Comp

$49M

Previous: $53M-7.5%

Revenue & EPS history

Colgate · Revenue · Quarterly

$4.41B

Q3 2021+6.3%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Colgate · $4.41B total across 6 segments · Q3 2021

  • OPHC North America
    $931M+0.9%
  • OPHC Latin America
    $931M+11.2%
  • Pet Nutrition
    $845M+20.0%
  • OPHC Asia Pacific
    $731M+1.2%
  • OPHC Europe
    $718M+0.8%
  • OPHC Africa/Eurasia
    $258M+1.2%

Forward guidance

The Company expects net sales to be up 4% to 7% including a low-single-digit benefit from foreign exchange. The Company expects organic sales to be up within its long-term targeted range of 3% to 5%. On a GAAP basis, the Company 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 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 Q3 2021

Historical avgQ3 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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