Latest news with #NoelWallace
Time of India
4 days ago
- Business
- Time of India
Colgate brushes up plan to woo the great Indian middle class
India will account for probably the biggest contribution to the middle class in the world over the next decade, said Noel Wallace, global chief executive officer at Colgate-Palmolive , adding that the country is its top priority. "Middle class is everything to our businesses. That drives premiumisation. That drives penetration in the categories. That drives per capita consumption. So, long term, we are very bold on India," he said, addressing the dbAccess Global Consumer Conference. "We have seen a little bit of a slowdown in urban (areas). But long term, a huge middle class opportunity. We are well-positioned to go after that, and I think we've got some very clear strategies in place on the ground to deliver on it." The company behind the eponymous toothpaste brand controls half the oral care segment in the country and has seen slowing demand in India. Colgate-Palmolive reported a 2% year-on-year fall in its revenue for the quarter to March, while its net profit declined 7%. Demand for daily groceries and other household and personal products plunged to a two-year low during the March quarter, indicating delayed turnaround for India's fast-moving consumer goods (FMCG) sector. Kantar said FMCG volume sales growth in the January-March quarter was 3.5%, slowest since the 2023 March quarter. A year ago, the market had grown 5.5% during the quarter. "We have seen some slowdown in the urban markets as of late, but the rural market seems to be performing well. We have an outstanding team on the ground that's very digitally forward thinking about where the future is going in that market in terms of both our distribution mechanisms as well as our marketing mechanisms, and we think executing very, very well," said Wallace. Last month, Colgate India said more than two-thirds of urban Indian consumers are facing financial stress , leading to a slowdown in overall consumer demand , including for oral care products while 30% urban consumers are resilient. Earlier this year, Colgate had said India was the most prominent market globally to experience fierce competition among consumer goods companies, marked by steep discounting to attract urban shoppers, indicating sluggish urban demand was forcing companies to engage in bleeding price wars. While most companies keep product prices intact across markets, channels such as ecommerce and modern trade often use their sourcing clout to drive deep discounting. Rivals have been cutting prices or giving promotional offers occasionally at select channels for short-term market share and sales gains. "While Colgate has been able to drive growth in its premium range, reviving growth in core brands remains critical. While the management's guidance entailed a recovery anticipated in the second half of this fiscal, we expect competitive intensity to remain elevated, which should keep margins under pressure," said a report by InCred Equities.
Yahoo
29-05-2025
- Business
- Yahoo
Piper Sandler Reiterates Overweight Rating on Colgate-Palmolive Amid Tariff Strategy
Piper Sandler reiterated its $109 price target and Overweight rating on Colgate-Palmolive Company (NYSE:CL) on May 28. The update follows insights into Colgate's success and future prospects, which were shared during a recent meeting with John Faucher, Chief Investor Relations Officer, and Noel Wallace, the company's CEO. Colgate-Palmolive Company (NYSE:CL) appears to be managing the current tariff situation effectively, which was the main topic of discussion throughout the conference. The emphasis is now on the company's performance in various geographical areas, as well as the possibility of both favorable developments and difficulties that may affect the company's guidance. As it continues to manage tariff effects predicted to increase expenses by $200 million for the year, Colgate-Palmolive Company (NYSE:CL) plans to exit the private label sector by the third quarter of 2025. The company also disclosed continued investments in product development and supply chain management. While we acknowledge the potential of CL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CL and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and . Disclosure: None. Sign in to access your portfolio
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
05-05-2025
- Business
- Yahoo
How To Put $100 In Your Retirement Fund Each Month With Colgate-Palmolive Stock
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Colgate-Palmolive Co. (NYSE:CL) manufactures and sells consumer products in the U.S. and internationally. The 52-week range of Colgate-Palmolive stock price was $85.32 to $109.30. Colgate-Palmolive's dividend yield is 2.25%. It paid $2.08 per share in dividends during the last 12 months. Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — On April 25, the company announced its Q1 2025 earnings, posting revenues of $4.91 billion, down 3% year-over-year, but above the consensus estimate of $4.86 billion, as reported by Benzinga. Non-GAAP EPS of $0.91 beat the consensus estimate of $0.86. 'As we look ahead, uncertainty and volatility in global markets, including the impact of tariffs, remain challenging. We are confident in our strategy and will continue to execute with focus and agility to mitigate these factors and achieve our revised 2025 financial targets,' said CEO Noel Wallace. Colgate expects full-year 2025 net sales to be up in the low single digits, including a negative impact from foreign exchange in the low single digits. The company anticipates organic sales growth to be 2% to 4%. Check out this article by Benzinga for 17 analysts' insights on Colgate-Palmolive. Trending: Maximize saving for your retirement and cut down on taxes: . If you want to make $100 per month — $1,200 annually — from Colgate-Palmolive dividends, your investment value needs to be approximately $53,333, which is around 578 shares at $92.33 each. Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (2.25% in this case). So, $1,200 / 0.0225 = $53,333 to generate an income of $100 per month. You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock. The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40). In summary, income-focused investors may find Colgate-Palmolive stock an attractive option for making a steady income of $100 per month by owning 578 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Colgate-Palmolive has raised its dividend consecutively for the last 62 years. Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article How To Put $100 In Your Retirement Fund Each Month With Colgate-Palmolive Stock originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-04-2025
- Business
- Yahoo
Why Colgate-Palmolive Company (CL) Crashed on Monday
We recently published an article titled . In this article, we are going to take a look at where Colgate-Palmolive Company (NYSE:CL) stands against the other stocks. A lackluster trading persisted on the stock market on Monday, with Wall Street's major indices finishing mixed, as investors continued to digest and reposition portfolios ahead of more corporate earnings results. Among the bellwether indices, only the Nasdaq finished in the red, dropping 0.10 percent. In contrast, the Dow Jones grew by 0.28 percent, and the S&P 500 inched up by 0.06 percent. Meanwhile, 10 companies defied a predominantly optimistic market. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. An array of toothpaste, toothbrushes, and mouthwashes on a bright background, highlighting the company's oral care products. Colgate-Palmolive Company (NYSE:CL) declined by 3.14 percent on Monday to finish at $90.96 each as investor sentiment was dampened by a lower revision of its full-year outlook, taking into account the potential impact of the ongoing global trade war. According to Colgate-Palmolive Company (NYSE:CL), it now expects earnings per share to grow by a low single-digit percentage from its previous forecast of a low- to mid-single digit increase. "As we look ahead, uncertainty and volatility in global markets, including the impact of tariffs, remain challenging," Colgate-Palmolive Company (NYSE:CL) CEO Noel Wallace said. "We are confident in our strategy and will continue to execute with focus and agility to mitigate these factors and achieve our revised 2025 financial targets,' he added. Meanwhile, net sales were pegged at a low single-digit growth versus 'roughly flat' previously, as the company anticipates a lower negative impact from foreign exchange rates. Overall CL ranks 5th on our list of the worst performing stocks on Monday. While we acknowledge the potential of CL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
