Colgate-Palmolive Stock Falls as Foreign Exchange Rates Hurt Sales, Outlook | Global News Avenue

Gaoling-Palmori (CL) On Friday, the stock fell 5 % because the family product company missed income forecasts and gave weak guidance because the exchange rate was injured by foreign exchange rates.

The revenue of the revenue of toothpaste, dishwashing and Hill’s pet food of the same name fell by 0.1 % to $ 4.94 billion. It can be seen that an analyst at Alpha survey is expected to be $ 4.98 billion. Adjustment Earnings per share (EPS) $ 0.91 exceeds the prediction.

Latin America sales below 7 %

The foreign exchange rate has a negative impact on income by 4.4 %. Their influence in Latin America, the largest regional market in Gauljie, has a special impact of 7.2 %. The sales in North America also decreased by 1.0 %. However, they are in Europe (+4.9 %), the Asia -Pacific region (+3.7 %) and Africa/Eurasia (+2.8 %). Hill’s sales accounted for the largest total income of the company, an increase of 2.3 %.

CEO Noel Wallace argued that Colgate achieved the goal of the year, “investing in future growth, providing capital investment for future growth, and incorporating flexibility into it into In their profits and losses, to resist macro -winds. ”

In 2025, Colgate expects that starting from 2024 in 2024, the revenue will be “generally the same”, including the negative impact of middle digits from foreign exchange. “The visible Alpha is estimated to be $ 20.3 billion.

Even today’s decline, Gaoling-Pamliv’s stock is still slightly higher in the past year.