Colgate slashes guidance as it anticipates $200 million in tariff costs

$200M

Colgate-Palmolive cut its sales and profit forecasts, as tariffs will weigh on its top and bottom lines.

Colgate-Palmolive said it expects the tariffs already in place to add $200 million in costs this year. The company now expects its organic sales growth to hit 2% to 4% for the year, down from its previous forecast of 3% to 5%, and predicts its annual earnings per share will go up by “low single digits” as opposed to the “mid-single-digit” growth it predicted last quarter.

For the first three months of the year, Colgate reported adjusted earnings per share of $0.91, more than the $0.86 analysts polled by FactSet expected. It also reported $4.91 billion in revenue, higher than the $4.87 billion analysts estimated.

The stock was up 1.4% in premarket trading.

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