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12:30
Jul 31 ◎

CL FY2026 Q2 Watch

Colgate-Palmolive Company (CL) FY2026 Q2 Earnings Call

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Noel Wallace

Management expressed cautious optimism, highlighting strong execution but also noting significant uncertainties (wars, consumer confidence, oil prices). They maintained guidance ranges rather than raising them, indicating a neutral-to-cautious tone.

"We don't anticipate we'll see any more refunds coming or very insignificant moving forward. So we're focused on pricing. Pricing is in the P&L. We'll watch inflation carefully."

CL WATCH

HIGH

12:30
May 01 ◎

CL FY2026 Q1 Watch

Colgate-Palmolive Company (CL) FY2026 Q1 Earnings Call

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Stan Sutula

Cost inflation of $300 million is driven by oil, resins, petrochemicals, fats, and oils, with logistics costs up nearly 10%. Management assumes a ~$110 oil price for the remainder of the year. — Elevated oil prices translate to higher input costs across the consumer staples supply chain, potentially pressuring margins for companies with less pricing power.

"The biggest incremental impact, Filippo, is coming from oil byproducts, resins, petrochemicals, fats, and oils. And we now expect that spending in those areas to be up more than 20% year on year for the full year."

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Noel Wallace

Management maintains full-year EPS guidance and organic sales growth of 1-4%, but explicitly lowers gross margin guidance due to significant raw material and packaging cost inflation, signaling a favorable but cost-constrained outlook.

"We are pleased with how we started the year as we delivered strong top and bottom line growth."

CL WATCH

HIGH

13:30
Jan 30 ◎

CL FY2025 Q4 Watch

Colgate-Palmolive Company (CL) FY2025 Q4 Earnings Call

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Noel Wallace

Despite a tough North American market with categories declining, Colgate saw a sequential improvement in December versus October and November in terms of category volume declines, and is planning for a 'slow return' rather than a sharp rebound. — The stability in the U.S. consumer packaged goods market may be a leading indicator for competitors; the lack of a strong rebound suggests continued promotional intensity in the first half of 2026.

"Nine of our categories were down in volume in the U.S. in October and 10 in November. That's category numbers. It was only six in December, so as I mentioned, improved a little bit."

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Noel Wallace

Colgate is seeing a 'K-shaped' market, with growth in super premium and value segments, while the middle is being squeezed, particularly in emerging markets like Latin America. — This dynamic could pressure competitors with a heavier presence in mid-tier products, forcing them to lean into premium innovation or value brands to maintain market share.

"We are seeing some of the middle get squeezed in Latin America as well, where the super premium continues to grow quite nicely. The value segment is growing where the middle is getting squeezed."

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Noel Wallace

Management is cautiously optimistic about 2026, citing stabilized categories and emerging market strength, but sees persistent uncertainty in the US and with tariffs. They guide for a wide organic sales range to account for volatility.

"So to finish up, I'm confident in our ability to navigate through this uncertain environment."

CL WATCH

HIGH

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