Colgate-Palmolive Company: What Is Its New Consumer Behavior Management Strategy?

Colgate-Palmolive’s Q1 2024 earnings reveal a positive start to the year, with balanced top-line growth and consistent earnings per share growth. The company recorded organic sales growth across all four of its categories and all six of its divisions, as well as volume and pricing growth on a total company basis. This balanced growth enabled a 6% net sales growth, despite a nearly 4% headwind from foreign exchange. The company also achieved a 60% gross margin in the quarter, despite significant headwinds from transactional foreign exchange. This reflects the company’s commitment to its revenue growth management and Funding-the-Growth initiatives.