COLGATE-PALMOLIVE COMPANY Reports Q2 Earnings Results for FY2023 Ending June 30 2023

🌥️Earnings Overview

COLGATE-PALMOLIVE COMPANY ($NYSE:CL) reported their second quarter FY2023 earnings results on July 28 2023, with total revenue of USD 4822.0 million, a 7.5% year-over-year increase, but net income of USD 502.0 million, a 16.7% decrease compared to the same period in the previous year.

Price History

COLGATE-PALMOLIVE COMPANY released their earnings reports for the second quarter of their fiscal year ending June 30, 2023 on Friday. The company’s stock opened at $75.2 and closed at $75.6, down by 1.9% from its closing price of 77.1 the day before. Despite the slight decrease in earnings, COLGATE-PALMOLIVE COMPANY is still positioned well for future growth. The company continues to invest in their e-commerce presence and has launched several new products that have been successful in the market.

Overall, COLGATE-PALMOLIVE COMPANY’s second quarter earnings results demonstrate their ongoing commitment to growth and sustainability initiatives. With continued investments in their products, e-commerce presence, and sustainability efforts, COLGATE-PALMOLIVE COMPANY will be well positioned to capitalize on future opportunities. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Colgate-palmolive Company. More…

Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Colgate-palmolive Company. More…

Key Ratios Snapshot

Some of the financial key ratios for Colgate-palmolive Company are shown below. More…

Analysis

GoodWhale has conducted an in-depth analysis of COLGATE-PALMOLIVE COMPANY‘s wellbeing. The results presented an impressive score of 8/10 on our Star Chart, indicating strong financial health. Thanks to its cashflows and debt, COLGATE-PALMOLIVE COMPANY is capable of paying off its debts and sufficiently funding future operations. We have classified this company as a ‘cow’, a type of company which has historically paid out consistent and sustainable dividends. Given this strong dividend capacity, we believe COLGATE-PALMOLIVE COMPANY is likely to appeal to long-term income investors. Additionally, the company is quite strong in terms of profitability, however it is weak when it comes to asset and growth. Thus, investors looking for capital appreciation may need to look elsewhere. 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

COLGATE-PALMOLIVE COMPANY has reported its financial results for the second quarter of its FY2023, which ended June 30 2023. Total revenue for the quarter was USD 4822.0 million, a 7.5% YoY increase.

However, net income dropped 16.7% year-over-year to USD 502.0 million. This could be a potential warning sign for investors evaluating the company’s performance and considering investment opportunities in COLGATE-PALMOLIVE COMPANY. Investors should consider analyzing the underlying causes of the net income decline in order to gauge whether it was a temporary underperformance or a long-term trend.

Additionally, investors should evaluate other financial metrics such as Return on Equity and Cash Flow from Operating Activities to further assess COLGATE-PALMOLIVE COMPANY’s financial health.