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Business Wire
21-05-2025
- Business
- Business Wire
Colgate-Palmolive Webcasts Fireside Chat at the dbAccess Global Consumer Conference
NEW YORK--(BUSINESS WIRE)--Colgate-Palmolive (NYSE:CL) Chairman, President and CEO, Noel Wallace will participate in a fireside chat at the dbAccess Global Consumer Conference in Paris on Wednesday, June 4, 2025 at 8:00 am ET. Investors may access a live webcast of this fireside chat on Colgate's website at For those unable to participate during the live webcast, a recorded version of the webcast will be made available through the Investor Center section of Colgate's website. * * * Colgate-Palmolive Company is a caring, innovative growth company that is reimagining a healthier future for all people, their pets and our planet. Focused on Oral Care, Personal Care, Home Care and Pet Nutrition, we sell our products in more than 200 countries and territories under brands such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Tom's of Maine, EltaMD, Filorga, Irish Spring, Lady Speed Stick, PCA SKIN, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Murphy, Soupline and Suavitel, as well as Hill's Science Diet and Hill's Prescription Diet. We are recognized for our leadership and innovation in promoting sustainability and community wellbeing, including our achievements in decreasing plastic waste and promoting recyclability, saving water, conserving natural resources and improving children's oral health through the Colgate Bright Smiles, Bright Futures program, which has reached approximately 1.8 billion children and their families since 1991. For more information about Colgate's global business and how we are building a future to smile about, visit CL-C
Yahoo
29-03-2025
- Business
- Yahoo
Goldman Sees Premium Pet Food As Bright Spot For Colgate And General Mills Amid Consumer Caution
Goldman Sachs analyst Bonnie Herzog analyzed the pet food offerings to understand the category more. The following are the comments published on Thursday regarding the same. The U.S. consumer is becoming more cautious due to concerns about inflation, tariffs, and geopolitical uncertainty, impacting the broader staples sector, said the analyst. While consumer packaged goods (CPG) companies face short-term pressure, an analysis of the pet food market suggests that premium offerings from Colgate-Palmolive Co (NYSE:CL) and General Mills Inc (NYSE:GIS) are likely to remain resilient. These high-end products could support growth and help offset weaker demand in other areas, noted the analyst. The analyst reiterated a Buy rating on the shares of Colgate-Palmolive with a price forecast of $106.00. The Hill's Pet Nutrition division is expected to be a key driver of sustained mid-single-digit organic sales growth, fueled by category expansion and market share gains. Also Read: The global premium pet food market is projected to grow at around 5% through 2030, with balanced contributions from volume and pricing. While dry dog food growth is expected to moderate, wet dog food is gaining traction. Cat food, both dry and wet, is anticipated to see stronger growth due to increasing consumption. Despite an overall slowdown in category growth, Colgate is well-positioned to outperform the market, said the analyst. The company's focus on innovation such as Hill's Prescription Diet z/d Low Fat and new wet cat food flavors along with above-average advertising spend and expanded production capacity, is set to drive household penetration beyond its current 6% in the U.S. With solid revenue growth and productivity improvements, Colgate is expected to see continued margin expansion, supporting strong earnings. The analyst reiterated a Buy rating on General Mills with a price forecast of $68.00. The company sees its pet food business as a key catalyst for returning to 2% – 3% organic sales growth by fiscal 2027, with fiscal 2026 focused on reinvestment. Premium pet food, benefiting from the increasing humanization of pets, is expected to drive mid-single-digit category growth, with contributions from both pricing and volume, noted the analyst. GIS has historically expanded market share through acquisitions, and its recent Whitebridge purchase is expected to follow suit. With a strong presence in pet specialty and e-commerce but low household penetration, the brand offers a significant growth runway, particularly in the high-growth cat food segment. Despite competition from private labels, GIS's premium positioning has supported sales acceleration and market share stability, opined the analyst. Read Next:Image via Shutterstock. Date Firm Action From To Feb 2022 Bernstein Upgrades Underperform Market Perform Jan 2022 Credit Suisse Maintains Outperform Jan 2022 Morgan Stanley Maintains Equal-Weight View More Analyst Ratings for CL View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? COLGATE-PALMOLIVE (CL): Free Stock Analysis Report GENERAL MILLS (GIS): Free Stock Analysis Report This article Goldman Sees Premium Pet Food As Bright Spot For Colgate And General Mills Amid Consumer Caution originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
