Colgate-Palmolive Co
CL: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LS | LOCK|>k# | LOCK|^^#$Ccc& |
Colgate Earnings: Despite a Halt in Sales Growth, Brand Prowess Persists; Shares a Bargain
Organic sales growth languished in Colgate's third quarter, up 0.4%, a byproduct of lower volume (down 1.9%). Higher raw material and packaging costs, cost deleverage on depressed volumes, tariffs, and inventory write-downs resulted in a 190-basis-point decline in the adjusted gross margin to 59.4%.
