Colgate-Palmolive Co. $(CL)$ shares are down 0.7% in premarket trades despite the toothpaste and toothbrush giant reporting better-than-expected fourth-quarter profit and hitting a full-year revenue milestone.
The company's adjusted fourth-quarter profit of 91 cents a share beat the FactSet consensus of 89 cents a share. Revenue was $4.944 billion, down from $4.950 billion in the prior year's quarter, just below the FactSet consensus of $4.980 billion.
However, for the full year, Colgate-Palmolive reported revenue of $20.101 billion, up from $19.457 billion in the prior year, marking the first time that the company has delivered over $20 billion in net sales. In a statement, Colgate-Palmolive Chief Executive Noel Wallace described reaching $20 billion in net sales for the year as "an exciting milestone."
For the full year 2025 Colgate-Palmolive expects net sales to be roughly flat, including a mid-single-digit negative impact from foreign exchange. Analysts surveyed by FactSet are looking for full-year revenue growth of 1%.
-James Rogers
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January 31, 2025 07:36 ET (12:36 GMT)
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