Colgate-Palmolive Stands Firm on Annual Sales Forecast Despite North America Weakness

Colgate-Palmolive has reaffirmed its annual sales forecast despite experiencing a dip in quarterly sales due to weak demand in North America. The company's North America organic sales fell by 3% in the quarter, driven by a 3.9% drop in volumes.

The decline was attributed to slower category growth, market share losses, increased competition, and inventory reductions at key retailers. Despite this, Colgate-Palmolive continues to expect annual net sales to grow between 2% and 6%, with adjusted earnings forecasted for mid-single-digit growth.

The company warned that additional headwinds are expected in the form of new tariffs imposed by the Trump administration, which will more than offset the benefit from tariff refunds received in the second quarter. This comes as rival Procter & Gamble also reported slower revenue growth in fiscal 2027 due to a challenging geopolitical and economic environment.