NYSE$CL
Colgate-Palmolive · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Net sales increased slightly while organic sales grew, but EPS declined due to currency headwinds and increased costs.
Colgate-Palmolive reported a slight increase in net sales, driven by organic sales growth across all divisions and categories. However, EPS declined due to negative foreign exchange impacts and higher raw material and logistics costs.
- Net sales increased by 1.0%, with organic sales up by 7.0%.
- GAAP EPS decreased by 1% to $0.74, impacted by foreign exchange.
- Gross profit margin decreased by 220 basis points to 57.2%.
- The company updated its financial guidance for the full year 2022.
Headline financials
Revenue & EPS history
Colgate · Revenue · Quarterly
$4.46B
Revenue by segment
Colgate · $4.46B total across 6 segments · Q3 2022
- OPHC Latin America$997M+7.1%22.4%
- OPHC North America$958M+2.9%21.5%
- Pet Nutrition$872M+3.2%19.6%
- OPHC Asia Pacific$709M-3.0%15.9%
- OPHC Europe$632M-12.0%14.2%
- OPHC Africa/Eurasia$287M+11.2%6.4%
Forward guidance
The Company now expects net sales growth to be in the middle of the 1% to 4% range, including an approximately 5% negative impact from foreign exchange and a modest benefit from the Red Collar acquisition. The Company raised its organic sales growth guidance for the year from 5% to 7% to 6% to 7%.
Tailwinds
- Net sales growth to be in the range of 1% to 4%.
- Organic sales growth guidance raised to 6% to 7%.
- Double-digit earnings-per-share growth is still expected on a GAAP basis.
- Roughly flat advertising investment is expected.
- Modest benefit from the Red Collar acquisition.
Headwinds
- Approximately 5% negative impact from foreign exchange.
- Decline in gross profit margin is still expected on a GAAP basis.
- A 7% to 8% earnings-per-share decline reflecting the incremental negative impact from foreign exchange.
- Advertising investment to be roughly flat.
- Challenging macroeconomic environment.
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 2022
-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
| Quarter | Report date | Reaction (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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