Colgate-Palmolive's second quarter revenue beat estimates while organic sales growth slowed to 2.4%.

Colgate-Palmolive reported second quarter net sales of $5.36 billion, an increase of 4.9% year-over-year. The company posted GAAP earnings per share of $0.86, a 5% decrease from the prior year, while non-GAAP Base Business EPS increased 8% to $0.99.

Key Highlights

• Organic sales increased 2.4% for the quarter, missing analyst expectations of 5.2%. The result included a 0.4% negative impact from lower private label pet food sales.
• Gross profit margin expanded by 140 basis points year-over-year to 61.5% on both a GAAP and Base Business basis.
• Latin America was a key driver of growth with net sales increasing 13.7% and organic sales growing 5.3%, while North America sales declined 3.0%.
• The company raised its full-year 2026 forecast for non-GAAP (Base Business) earnings per share growth to a mid-single-digit range, up from a previous low- to mid-single-digit range.