Colgate announces 1st quarter 2023 results

New york--(business wire)--colgate-palmolive company (nyse:cl): net sales increased 8.5%; organic sales* increased 10.0% with growth in every division and in all four categories gaap eps declined 32% to $0.45; base business eps* declined 1% to $0.73 gaap gross profit margin and base business gross profit margin* both decreased 160 basis points to 56.9%, including a negative 90 basis point impact from private label sales resulting from the previously disclosed acquisitions of pet food businesses.
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