Colgate-Palmolive (NYSE: CL) 1Q19 Results: Beats Expectations on Top Line, Misses on EPS

Executive Summary

• Colgate-Palmolive reported net sales of $3.9 billion, down 2.9% year over year for the three months ended March 31, 2019. Organic sales were up 3.0% year over year.
• In oral, personal and home care, the Africa/Eurasia region saw strong organic sales growth, increasing 7.0% year over year. However, the Asia Pacific region underperformed, with a 2.5% decrease in organic sales year over year.
• The Hill’s Pet Nutrition segment also saw strong organic sales growth, increasing 6.0% year over year.