COLGATE-PALMOLIVE COMPANY Reports FY2023 Second Quarter Earnings Results
August 9, 2023
🌥️Earnings Overview
On July 28 2023, COLGATE-PALMOLIVE COMPANY ($NYSE:CL) reported their earnings for the second quarter of FY2023, which ended on June 30 2023, with total revenue of USD 4822.0 million – a 7.5% increase compared to the same period in the previous year. Unfortunately, net income was lower at USD 502.0 million, representing a 16.7% decrease from the same quarter in the prior year.
Price History
The stock opened at $75.2 and closed at $75.6, a decrease of 1.9% from its last closing price of 77.1. Despite the lower closing price, COLGATE-PALMOLIVE COMPANY reported strong results, beating analyst expectations on both revenue and earnings per share. This was primarily driven by growth in the company’s oral care and personal care segments, which saw strong demand for products such as toothpaste and hand sanitizer during the pandemic.
In addition, higher pricing initiatives and cost-cutting measures allowed the company to increase its bottom line despite rising costs due to the pandemic. The company will continue to focus on maximizing growth opportunities and increasing efficiency to maintain its current momentum. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Colgate-palmolive Company. More…
| Total Revenues | Net Income | Net Margin |
| 18.68k | 1.5k | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Colgate-palmolive Company. More…
| Operations | Investing | Financing |
| 3.1k | -1.56k | -1.52k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Colgate-palmolive Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.23k | 15.91k | -0.08 |
Key Ratios Snapshot
Some of the financial key ratios for Colgate-palmolive Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.4% | -0.5% | 15.9% |
| FCF Margin | ROE | ROA |
| 12.6% | -5296.4% | 11.4% |
Analysis
At GoodWhale, we recently took a look at the financials of COLGATE-PALMOLIVE COMPANY and our analysis shows that it is a medium risk investment in terms of financial and business aspects. While we believe it is a stable company with a good track record, our Risk Rating tool alerted us to two risk warnings in its balance sheet, non-financial. If you’d like to get more insight into these potential risks, be sure to register with us and check it out! More…
Peers
The Colgate-Palmolive Co is in competition with Unilever PLC, Henkel AG & Co KGaA, Clorox Co, and other companies. All of these companies are vying for a share of the market in the production and sale of consumer products. The competition is intense and each company is trying to outdo the others in terms of quality, price, and innovation.
– Unilever PLC ($LSE:ULVR)
Unilever PLC is a British-Dutch multinational consumer goods company. It is one of the world’s largest consumer goods companies with a presence in over 190 countries. The company has a wide portfolio of brands, including Dove, Lipton, Axe/Lynx, Hellmann’s, Omo, Knorr, Flora/Becel, Heartbrand ice creams and Ben & Jerry’s. It is also a major producer of margarine and spreads.
Unilever’s market cap as of 2022 was 97.96B. The company’s ROE was 30.85%.
Unilever is a company that is dedicated to improving the lives of people all over the world. The company does this by providing quality products that make everyday life easier and more enjoyable. Unilever is committed to making a positive difference in the world and to being a force for good.
– Henkel AG & Co KGaA ($LTS:0IZC)
Henkel AG & Co KGaA is a German consumer goods company which operates in three main business areas: laundry and home care, beauty care, and adhesive technologies. The company has a market cap of 26.23B as of 2022 and a Return on Equity of 4.84%. Henkel was founded in 1876 and is headquartered in Düsseldorf, Germany. The company employs around 53,000 people worldwide and its products are sold in more than 125 countries.
– Clorox Co ($NYSE:CLX)
The Clorox Company is an American multinational manufacturer and marketer of consumer and professional products with about 8,100 employees worldwide as of 2019. Its fiscal 2019 revenue was US$6.1 billion. The company’s headquarters are in Oakland, California.
Clorox products are sold in more than 100 countries and include laundry and cleaning products such as bleach, disinfecting wipes and cleaners, and other household products. The company has been headquartered in Oakland, California, since it was founded in 1913.
The Clorox Company’s market capitalization is $16.67 billion as of 2022. Its Return on Equity (ROE) is 93.23%.
The Clorox Company is a diversified consumer products company with operations in the United States, Canada, Europe and Latin America. Clorox markets some of the most trusted and recognized consumer brand names, including its namesake bleach and disinfecting products, Pine-Sol® cleaners, Liquid Plumr® clog removers, Poett® home care products, Fresh Step® cat litter, Glad® bags, wraps and containers, Kingsford® charcoal, Hidden Valley® ranch dressing, Brita® water-filtration products, Burt’s Bees® natural personal care products, RenewLife® digestive health products and Green Works® natural cleaners.
Summary
Investors should take note of COLGATE-PALMOLIVE COMPANY‘s second quarter of FY2023 earnings results. Total revenue increased 7.5% year-over-year to USD 4822.0 million, a positive sign of the company’s financial health.
However, net income decreased 16.7% year-over-year to USD 502.0 million, indicating a decrease in profitability. Investors may want to further investigate the reasons behind this decline in profit. All in all, investors should consider the financials of COLGATE-PALMOLIVE COMPANY before making any decisions on whether or not to invest in the company.
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