Colgate Palmolive Co Stock Price, News & Analysis

Colgate-Palmolive Company (NYSE:CL) has declared a quarterly cash dividend of $0.45 per common share, payable on February 15, 2022, to shareholders on record as of January 24, 2022. The company has consistently paid dividends since 1895, reflecting its commitment to returning value to shareholders. Colgate-Palmolive operates globally, focusing on oral, personal, and home care products while emphasizing sustainability initiatives that have positively impacted over 1.3 billion children through its community health programs.

Colgate-Palmolive has announced the winners of the first global pitch competition, the Colgate Connect Challenge, aimed at startups innovating for healthier futures. Six finalists pitched ideas on quantified health, smart packaging, and solutions for underserved populations. Three winners were awarded cash prizes: Dermala won $20,000 for personalized skin health solutions, SkinDNA received $15,000 for its skin microbiome wearable patch, and Gennev earned $10,000 for menopause support products. The competition highlights Colgate's commitment to innovation and collaboration.

Colgate-Palmolive (NYSE:CL) announced that John Faucher, Chief Investor Relations Officer, will engage in a virtual fireside chat at the Citi Global Consumer Conference on December 8, 2021, at 11:00 a.m. ET. Investors can access a live webcast on Colgate's website, with a recorded version available afterward.

The company, recognized for its commitment to sustainability and innovation, operates in more than 200 countries, offering products in Oral Care, Personal Care, Home Care, and Pet Nutrition under well-known brands.

Colgate-Palmolive (NYSE:CL) announced participation in a virtual fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 1, 2021, at 11:00 a.m. ET. Company executives, including Group President Panagiotis Tsourapas and CFO Stan Sutula, will present insights into Colgate’s innovative growth strategies focused on Oral Care, Personal Care, Home Care, and Pet Nutrition. Investors can access the live webcast via Colgate’s website, with a recorded version available afterward.

Colgate-Palmolive Company (NYSE:CL) reported a 6.5% increase in net sales and a 4.5% growth in organic sales for Q3 2021, although EPS declined 7% on a GAAP basis to $0.75. The company's gross profit margin decreased by 180 basis points to 59.4%. Colgate maintains its leadership in toothpaste with a 39.5% global market share. Full-year guidance predicts net sales to rise 4% to 7% including foreign exchange benefits, while organic sales are expected to grow 3% to 5%.

Challenges include rising raw material costs and ongoing uncertainties due to COVID-19.

This National Dental Hygiene Month, Colgate-Palmolive highlights its global research indicating the detrimental effects of dental cavities on children and parents. Surveying over 20,000 parents across 12 countries, it found that 62% of U.S. children suffer from cavities, leading to missed school days and impacting parents' work. The CDC reports that 51 million school hours and over 164 million work hours are lost annually due to oral health issues. Colgate emphasizes the urgent need for oral health education to combat this public health crisis.

Colgate-Palmolive Company (NYSE:CL) will host its third quarter earnings conference call on Friday, October 29, 2021, at 8:30 a.m. ET. The call will be led by Chairman and CEO Noel Wallace, CFO Stan Sutula, and Chief Investor Relations Officer John Faucher. Interested investors can access the live webcast on Colgate's website. A recorded version will also be available afterward. Colgate continues to focus on sustainability and community engagement, promoting initiatives like the Bright Smiles, Bright Futures program that has reached over 1.3 billion children globally.