(Boursier.com) — Colgate-Palmolive , the American hygiene products giant, revealed for its fourth fiscal quarter sales up 7% in consolidated and organic data, at $4.95 billion, for adjusted earnings per share of 87 cents, an increase of 13%. The consensus was for 85 cents in adjusted earnings per share on $4.9 billion in revenue. Over the financial year, sales increased by 8.5% to $19.46 billion, while adjusted earnings per share increased by 9% to $3.23. For the 2024 financial year which has just begun, the group anticipates consolidated sales growing by 1 to 4%. Organic growth is expected within the long-term objective range of 3 to 5%. The adjusted gross margin is expected to expand. Annual adjusted earnings per share are finally expected to increase in the mid to high single digits.
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