Colgate-Palmolive sees 2023 net sales growth 2%-5%, consensus $18.61B

Full Year 2023 Guidance: Based on current spot rates: The Company expects net sales growth to be 2% to 5% including the benefit from our acquisitions of pet food businesses and a low-single-digit negative impact from foreign exchange. The Company expects organic sales growth to be towards the high end of its long-term targeted range of 3% to 5%. On a GAAP basis, the Company expects gross profit margin expansion, increased advertising investment and double-digit earnings-per-share growth. On a non-GAAP basis, the Company expects gross profit margin expansion, increased advertising investment and low to mid-single-digit earnings-per-share growth.