Colgate reported second-quarter 2026 results with net sales of $5,361 million, up 4.9% versus year‑ago, and GAAP diluted EPS of $0.86. On a Base Business (non‑GAAP) basis, diluted EPS rose 8% to $0.99 while organic sales increased 2.4%. The company said gross profit margin improved to 61.5% and reiterated full‑year sales and GAAP EPS guidance while updating Base Business EPS and gross margin expectations.

Financial Highlights

  • Net sales: $5,361 million for Q2 2026, up 4.9% versus Q2 2025 ($5,110 million).
  • Gross profit: $3,296 million for Q2 2026; gross profit margin 61.5% (up 140 basis points vs. 60.1% in Q2 2025).
  • Operating profit (GAAP): $1,016 million for Q2 2026 (down 6% vs. Q2 2025).
  • Net income attributable to Colgate: $693 million for Q2 2026 (GAAP); diluted EPS $0.86 (GAAP).
  • Base Business (non‑GAAP) results: Base Business diluted EPS $0.99 (up 8% vs. $0.92); Base Business operating profit $1,145 million (up 5%).

Business Highlights

  • Organic sales growth: 2.4% in Q2 2026, which includes a 0.4% negative impact from lower private label pet food sales and reflects sequential improvement in worldwide organic volume for the third consecutive quarter.
  • Category and portfolio performance: Net sales and organic sales grew in three of four categories and in four of five divisions; Hill’s Pet Nutrition grew as reported by 3.4% and contributed 22% of company sales.
  • Market share leadership: Year‑to‑date global toothpaste market share at 41.3% and manual toothbrush market share at 32.7%, signaling continued brand strength in core oral care categories.
  • Advertising and strategic investment: Advertising spend increased 15% in the quarter and management plans continued elevated investment in the back half of 2026 to support premium, science‑led innovation and omni‑channel demand generation aligned with the 2030 strategy.
  • Operational actions: Company recast geographic reporting effective March 31, 2026; completed integration impacts include the Prime100 pet food acquisition contributing modest volume to Hill’s and total company volume.

Original SEC Filing:

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