Colgate-Palmolive: EPS just above expectations
(CercleFinance.com) - Colgate-Palmolive has published Q4 2018 adjusted net income that is down 3% at 638 million dollars, or EPS of 74 cents, which is one cent above the consensus.
The personal care product manufacturer saw its adjusted gross margin fall by 100 basis points to 59.4%, for revenues that are down 2% to over 3.8 billion dollars - although which were up 2% in organic terms.
For fiscal year 2019, Colgate-Palmolive expects its EPS to fall in mid single-digits, while it aims to expand its gross margin on sales that are either flat, or up in low single-digits (+2% to +4% in organic terms).
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The personal care product manufacturer saw its adjusted gross margin fall by 100 basis points to 59.4%, for revenues that are down 2% to over 3.8 billion dollars - although which were up 2% in organic terms.
For fiscal year 2019, Colgate-Palmolive expects its EPS to fall in mid single-digits, while it aims to expand its gross margin on sales that are either flat, or up in low single-digits (+2% to +4% in organic terms).
Copyright (c) 2019 CercleFinance.com. All rights reserved.