The consumer goods maker beat earnings estimates with $5.36 billion in second-quarter revenue, but weaker North America demand and new tariffs kept its full-year sales outlook unchanged.
Colgate-Palmolive reaffirmed its annual net sales growth forecast of 2% to 6% after reporting a 4.9% rise in second-quarter net sales to $5.36 billion. Adjusted earnings per share were 99 cents, above analysts' 95-cent estimate compiled by LSEG, but the company pointed to softer conditions, including weaker North America demand and new tariffs, as reasons for keeping its full-year sales outlook unchanged. North America organic sales fell 3%, with volumes down 3.9% because of slower category growth, market share losses, stronger competition and inventory reductions at key retailers. The company also raised the base of its 2026 adjusted earnings forecast to mid-single-digit growth from a prior low- to mid-single-digit range, while shares fell 2.5% after the update.