Colgate-Palmolive Company reported a net sales increase of 8.4% for the first quarter of 2026, reaching $5.324 billion, compared to $4.911 billion in the same period last year. The growth was attributed to a combination of volume growth of 1.1%, net selling price increases of 2.2%, and a positive foreign exchange impact of 5.1%. However, net income attributable to Colgate-Palmolive decreased to $646 million, or $0.80 per diluted share, down from $690 million, or $0.85 per diluted share, in the prior year. The decline in profitability was influenced by charges related to the company's Strategic Growth and Productivity Program.
The company's gross profit rose to $3.226 billion, up from $2.987 billion, although the gross profit margin slightly decreased to 60.6% from 60.8% due to higher raw and packaging material costs. Selling, general and administrative expenses increased by 9% to $2.076 billion, reflecting higher overhead and advertising investments. The operating profit for the quarter was $964 million, a 10% decrease from $1.076 billion in the previous year, primarily due to the aforementioned charges and increased expenses.
Colgate-Palmolive's strategic initiatives included the acquisition of Care TopCo Pty Ltd, which added to its Hill’s Pet Nutrition segment, contributing 1.9% to volume growth. The company also expanded its Strategic Growth and Productivity Program, which is expected to incur cumulative pre-tax charges between $350 million and $550 million, up from previous estimates. This program aims to optimize the organizational structure and enhance operational efficiencies.
In terms of market performance, Colgate maintained a 41.1% share of the global toothpaste market, while its share in the manual toothbrush market increased to 32.6%. The company reported organic sales growth in its Oral, Personal, and Home Care segment of 3.1%, driven by increases in toothpaste and manual toothbrush categories. The Hill’s Pet Nutrition segment also saw organic sales growth of 2.1%, despite challenges in the private label pet food market.
Looking ahead, Colgate-Palmolive anticipates continued challenges from global macroeconomic conditions, including inflation and geopolitical tensions, which may impact consumer purchasing behavior and overall sales. The company remains focused on its 2030 strategy, emphasizing organic sales growth and operational efficiencies to navigate these challenges and enhance shareholder value.
About COLGATE PALMOLIVE CO
Colgate-Palmolive is a global leader in oral, personal, home care, and pet nutrition products. It markets brands like Colgate, Palmolive, Irish Spring, Softsoap, and Hill’s Science Diet across over 200 countries. The company focuses on science-based innovation, sustainability, and social impact, delivering everyday health and wellness solutions to consumers and pets worldwide through diverse channels and a strong brand portfolio.
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