Colgate-Palmolive reported strong Q4 and full-year 2023 results, with organic sales growth in line or ahead of their target range for the fifth consecutive year.
The company saw balanced organic sales growth across all divisions and categories, with improved balance between pricing and volume.
Market share momentum is improving, driven by strong innovation and increased brand investment.
Colgate-Palmolive plans to continue investing in advertising and driving high-quality, balanced organic sales growth in 2024, with a focus on both volume and pricing growth.
The company expects to deliver strong cash flow growth, allowing for further investment in the business and return of cash to shareholders.
Challenges for 2024 include geopolitical unrest, foreign exchange headwinds, a challenged consumer, softness in China, and political elections around the world. However, Colgate-Palmolive remains confident in its ability to navigate these challenges and deliver consistent EPS growth.