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Colgate-Palmolive sees FY24 net revenue growth 1%-4%, consensus $20.07B

Full Year 2024 Guidance: Based on current spot rates: The company expects net sales growth to be 1% to 4% including a low-single-digit negative impact from foreign exchange. The company expects organic sales growth to be within 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 mid to high-single-digit earnings-per-share growth.

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