Colgate-Palmolive Brushes Up Its Sales Forecast After a Sparkling Quarter

Colgate-Palmolive Brushes Up Its Sales Forecast After a Sparkling Quarter

What’s going on here?Colgate-Palmolive started the year strong, outperforming expectations with its first-quarter earnings. This success led the company to raise its sales growth forecast from an initial 3-5% to an optimistic 5-7%.What does this mean?Fueled by growing demand in self-care and pet nutrition, Colgate-Palmolive’s effective pricing strategies and product appeal drove prices up by 8.5% this quarter. The company saw a 1.3% increase in organic sales volumes, resulting in $5.07…
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