We recently published 10 Big Names Ending January With Explosive Gains. Colgate-Palmolive Company (NYSE:CL) was one of the top performers on Friday.
Colgate-Palmolive rallied for a second day on Friday, jumping 6.10 percent to finish at $90.29 apiece as investors took heart from a cautiously optimistic outlook for 2026 amid a challenging market environment that dented profits last year.
In an updated report, Colgate-Palmolive Company (NYSE:CL) said that it expects its net sales to grow by 2 to 6 percent in full-year 2026, including the impact of low single-digit foreign exchange gains.
Photo from Colgate website
Organic sales are projected to inch up by 1 to 4 percent, including a 20-basis point impact from its pet food brand exit.
However, it still expects “difficult operating environment and slower category growth to continue in the short term,” albeit already operating from a position of strength.
Last year, Colgate-Palmolive Company (NYSE:CL) dropped its attributable net income by 26 percent to $2.13 billion from $2.89 billion in 2024. Net sales inched up by 1.4 percent to $20.38 billion from $20.1 billion, despite a 0.7 percent negative impact from lower private label pet volume.
In the fourth quarter alone, Colgate-Palmolive Company (NYSE:CL) swung to an attributable net loss of $37 million from a $739 million attributable net income in 2024. Net sales grew by 5.78 percent to $5.23 billion from $4.94 billion, despite a 0.9 percent negative impact from lower private label pet volume.
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Disclosure: None. This article is originally published at Insider Monkey.
