1. Department: Food

Colgate Announces 1st Quarter 2023 Results

NEW YORK–(BUSINESS WIRE)–Colgate-Palmolive Company (NYSE:CL): Net sales increased 8.5%; Organic sales* increased 10.0% with growth in every division and in all four categories GAAP EPS declined 32% to $0.45; Base Business EPS* declined 1% to $0.73 GAAP Gross profit margin and Base Business Gross profit margin* both decreased 160 basis points to 56.9%, including a negative 90 basis point impact from private label sales resulting from the previously disclosed acquisitions of pet food businesses

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