Colgate-Palmolive Shares Lost 8% Since Q1 Earnings Announcement 
<p><a href='https://financialmodelingprep.com/financial-summary/CL'>Colgate-Palmolive Company (NYSE:CL)</a> shares lost 8% since the company’s reported Q1 results last week. Quarterly EPS of $0.74 came in slightly worse than the consensus estimate of $0.75, while revenue of $4.4 billion was in-line with expectations.</p>
<p>Group organic sales growth of 4% missed the consensus estimate of 4.3% as Total Oral, Personal and Home Care grew by just 2% (vs. Street’s 3.1%), more than offsetting the beat from Hill’s Pet Nutrition, which grew sales by 13% (vs. Street’s 11.7%). </p>
<p>The company raised its full 2022-year organic sales growth expectations to 4-6% (vs. 3-5% prior) but lowered its forecast for adjusted EPS growth to negative mid-single-digits.</p>
<p>Following the continued rise in commodity pressures, management no longer expects gross margins to improve during the year.</p>

NYSE:CL