By Denny Jacob
Colgate-Palmolive posted fourth-quarter sales slightly below Wall Street's estimates amid a mixed performance across its divisions.
The New York consumer-products company logged net income of $739 million, or 90 cents a share, compared to $718 million, or 87 cents a share, a year earlier.
Stripping out certain one-time items, earnings were 91 cents a share. Analysts polled by FactSet expected 89 cents a share.
Sales edged down to $4.94 billion from $4.95 billion. Analysts polled by FactSet expected $4.98 billion.
By division, sales in North America and Latin America declined 1% and 7.2%, respectively. Sales in Europe, Asia Pacific and Africa/Eurasia meanwhile grew 4.9%, 3.7%, and 2.8%, respectively. The Hill's pet-food business grew 2.3%.
Colgate-Palmolive forecast 2025 sales to be roughly flat from last year; sales came in at $20.10 billion in 2024.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
January 31, 2025 07:23 ET (12:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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