Company report

Colgate-Palmolive released its fourth-quarter results on Friday, which beat analysts' estimates. However, the earnings figure fell short of forecasts.

The company reported earnings per share of $0.79 and revenues of $4.4B. Analysts had expected revenue to rise to $4.42B and earnings per share to $0.7868. With better reporting and a favourable outlook for Q1 2022, the market can build the current positive into the value.

Colgate-Palmolive's share price, up 15% this year, has performed better than overall according to the Dow Jones index, having fallen 5% since the start of the year.

Colgate-Palmolive expectations

In fiscal 2022, the company expects earnings per share to grow in double-digit percentages and adjusted earnings per share to grow in mid-single-digit percentages. It also forecasts net sales growth of 1 to 4 per cent with organic sales growth of 3 to 5 per cent.

Commenting on the report, chairman, president and CEO Noel R. Wallace said the company was pleased that the investment in innovation, digital transformation and advertising was paying off. "We are confident that we are well positioned for continued sustainable and profitable growth in 2022 and beyond," he added.

Colgate-Palmolive Co. is an international company that makes products such as soaps, oral hygiene products, toothpastes and brushes, pet food, and household chemicals.