Colgate keeps 2026 sales outlook, lifts non-GAAP EPS growth
Colgate-Palmolive (NYSE:CL) reported 2Q 2026 results. Net sales rose 4.9% and organic sales rose 2.4%. GAAP EPS fell 5%, while base business EPS increased to $0.99. For full-year 2026, the company kept net sales and GAAP EPS guidance, updated gross margin to flat and raised non-GAAP (base business) EPS growth to mid-single digits.
How this was made
The 30-second read
Why it matters
Traders can update 2026 earnings expectations based on the revised non-GAAP EPS growth outlook and the shift to roughly flat gross profit margin versus previously down.
Market read
A same-day guidance update provides a concrete earnings re-rating input for CL, especially via non-GAAP Base Business EPS growth and margin expectations.
What to watch
Lower private label pet food sales impact is explicitly noted, and the guidance update hinges on advertising and margin stability rather than a major demand acceleration.
Background
Colgate reported 2Q 2026 results and reiterated sales guidance while updating gross profit margin and Base Business EPS growth for full-year 2026.
Ticker impact
Colgate kept full-year 2026 net sales and updated gross margin and Base Business EPS guidance, lifting non-GAAP EPS growth to mid-single digits.
Moderate upside bias for CL as traders reprice 2026 Base Business EPS growth expectations.
The article explicitly updates 2026 non-GAAP (Base Business) EPS growth to mid-single-digit and revises gross profit margin expectations to roughly flat, which are direct earnings drivers.
Market effects
Signals resilience in oral care and personal care demand, with pet nutrition volatility partially offset by portfolio strength.
No specific region-level guidance changes disclosed beyond broad worldwide organic growth commentary.
Global consumer staples demand and FX sensitivity remain key swing factors, but the company reiterates sales growth range.
Counterpoint
The guidance still assumes volatile conditions and organic sales growth is only 1% to 4%, so upside may be limited if volumes weaken again.
Key entities
- companyColgate-Palmolive Company
Announced 2Q 2026 results and updated full-year 2026 guidance, including mid-single-digit Base Business EPS growth.


