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Stock impact report

Clorox lifts annual profit forecast on pricing benefits [Yahoo! Finance]

Colgate-Palmolive Company (CL) 
Last colgate-palmolive company earnings: 5/1 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.colgatepalmolive.com
Company Research Source: Yahoo! Finance
Consumer good companies, including Clorox, have been increasing product prices steadily over the last few years to protect profits from costs tied to manufacturing and logistics. Peers Colgate-Palmolive and Kimberly-Clark have also raised their respective sales and profit forecasts in recent weeks on the back of higher product prices. Benefits of pricing and easing commodity costs helped the company boost its margins by 40 basis points to 42.2%. The household staples maker now forecasts adjusted earnings between $5.80 and $5.95 per share in 2024, compared with its prior outlook range of $5.30 to $5.50 per share. Excluding one-off items, Clorox earned $1.71 cents per share, topping analysts' estimate of $1.37 per share. However, due to disruptions caused by the August cyberattack and charges incurred related to the divestiture of its Argentina business, the Pine-Sol manufacturer maker now expects annual net sales to be down at the low end of low single digits range and repor Show less Read more
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