Welcome to our dedicated page for Colgate-Palmolive Company news (Ticker: CL), a resource for investors and traders seeking the latest updates and insights on Colgate-Palmolive Company stock.
Colgate-Palmolive Company (NYSE: CL) is a globally recognized leader in the consumer products industry, serving millions of consumers in over 200 countries and territories. Founded in 1806, the company has grown significantly to become a major player in the oral care, personal care, home care, and pet nutrition sectors.
Colgate-Palmolive’s product portfolio includes some of the world’s most trusted brands such as Colgate, Palmolive, Speed Stick, Softsoap, Irish Spring, Ajax, and Hill's Science Diet. These products are designed to make daily life healthier and more enjoyable for consumers. The company’s operations are notably strong internationally, with approximately 70% of its sales coming from international markets, including about 45% from emerging regions.
With a strong commitment to sustainability and social responsibility, Colgate-Palmolive actively supports environmental and wellness initiatives. The company engages in various philanthropic activities and has partnerships aimed at improving oral health, hygiene, and pet care globally.
Recent achievements include the expansion of its Tom's of Maine Incubator program, which supports young leaders focused on sustainable farming, climate change, and environmental justice. The program, now in its second year, has awarded $100,000 to five new changemakers, providing them with funding and mentorship to scale their impactful work.
Financially, Colgate-Palmolive continues to demonstrate strong performance with robust sales growth driven by its diverse product lines and extensive global reach. The company is well-positioned to adapt to market changes and sustain its leadership in the consumer goods sector.
For the latest updates, you can follow the company on Twitter at @cp_news. For those interested in career opportunities, visit Colgate Careers and stay connected via their social media platforms on Facebook and Twitter.
Colgate-Palmolive Company has appointed Kimberly A. Nelson, former Senior Vice President at General Mills, to its Board of Directors, effective immediately. Nelson brings significant expertise in sustainability and social responsibility, having spent nearly 30 years at General Mills, including leadership in various roles. Concurrently, Dr. Helene D. Gayle will retire from the Board effective May 7, 2021, after over a decade of contributions, particularly in governance and corporate responsibility. Colgate expresses gratitude for Gayle's service while welcoming Nelson's capabilities.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) announced the expiration of the waiting period under the Hart-Scott-Rodino Act regarding its acquisition of Bluma Wellness Inc. (CSE: BWEL.U) (OTCQX:BMWLF). The absence of a second request from the DOJ indicates a favorable outcome for the Transaction, expected to close in Q2 2021, pending final approvals. CEO Charles Bachtell expressed optimism about collaborating with Bluma to enhance Cresco's presence in the Florida market.
Colgate-Palmolive Company has been recognized on Fast Company’s 2021 list of the World’s Most Innovative Companies for developing a groundbreaking recyclable plastic tube. This innovation, which transforms High-Density Polyethylene (HDPE) into soft, squeezable tubes, is set to revolutionize recyclable packaging. By 2025, all Colgate products will target 100% recyclable, reusable, or compostable packaging. The company has held approximately 40 sessions sharing this technology with other businesses, promoting sustainability across the industry.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) announced it will report its financial results for Q4 and the full year ending December 31, 2020, on March 25, 2021, before market opens. A conference call will follow at 8:30 AM EDT to discuss these results and provide business highlights. Cresco Labs, a leading multistate cannabis operator, aims to normalize and professionalize the cannabis industry. It is also the largest wholesaler of branded cannabis products in the U.S., with a focus on consumer needs through multiple trusted brands.
Cresco Labs (CSE:CL) (OTCQX:CRLBF), a leading US cannabis operator, announced its participation in key investor conferences. Notable events include the Needham 2nd Annual Virtual Cannabis Conference on March 3, 2021, the 33rd Annual Roth Conference from March 15-17, 2021, where CEO Charlie Bachtell will host a Fireside Chat, and one-on-one meetings on April 7. Additionally, the Stifel Multi-Sector Conference on April 21 will feature management engagements. Cresco aims to foster a professional cannabis industry through its consumer-focused brands and extensive educational initiatives.
Cresco Labs (CSE:CL, OTCQX:CRLBF) has successfully acquired four Verdant Creations dispensaries in Ohio, expanding its total to five locations, the maximum permitted by state law. This acquisition enhances Cresco’s position in Ohio, which has seen a rapid increase in medical cannabis patients from 78,000 to 160,000 in 2020, along with annual cannabis sales nearing $220 million. The company plans to leverage its cultivation capacity and processing facility to boost its market presence in this growing state.
Colgate-Palmolive (NYSE: CL) CEO Noel Wallace is scheduled to present at the Consumer Analyst Group of New York Virtual Conference on February 19, 2021, at 12:30 pm ET. Investors can access the presentation and slides via the Investor Center on Colgate's website. The company focuses on oral, personal, and home care, as well as pet nutrition, offering products in over 200 countries under various brands. Colgate is noted for its commitment to sustainability and community health initiatives, particularly in children's oral health through its Bright Smiles, Bright Futures program.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) has entered an exclusive distribution agreement with Emerald Family Farms (EFF), enhancing its California distribution capabilities. This collaboration will add EFF's sustainable cannabis products, including flower and concentrates, to Cresco's distribution platform, Continuum. EFF, a farmer co-op, is known for its commitment to quality and environmental stewardship. The partnership aims to bring premium cannabis products to consumers across California, supporting both companies' growth in the rapidly expanding cannabis market.
Cresco Labs (CSE:CL) has received approval from the Arizona Department of Health Services to commence adult-use cannabis sales at its Sunnyside dispensary in Phoenix starting mid-February. Arizona is the 12th state to legalize such sales, following voter approval in November. The company highlights that Arizona represents a crucial market due to its robust medical cannabis program and consumer demand, with over 300,000 active medical patients. Cresco's strategic investment in Arizona aligns with its goal to expand its branded product offerings to a broader customer base.
Colgate-Palmolive Company (NYSE:CL) reported a strong fourth quarter in 2020, with net sales rising by 7.5% to $4,324 million and organic sales increasing 8.5%. GAAP EPS remained steady at $0.75, while Base Business EPS grew 5% to $0.77. The gross profit margin improved 100 basis points to 61.1%. Colgate's market shares in toothpaste and manual toothbrushes were 39.8% and 31.1%, respectively. Looking ahead, the company expects a 4% to 7% increase in net sales for 2021, with gross margin expansion and mid-single-digit EPS growth.
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