Colgate-Palmolive's Q2 report wasn't great, but it was expected. There's nothing wrong here, but it is worth watching.
NEW YORK, August 01, 2022--Colgate-Palmolive Company plans to purchase three dry pet food manufacturing plants in the U.S. from Red Collar Pet Foods for $700 million to support the global growth of its Hill’s Pet Nutrition business.
Colgate's (CL) Q2 results gain from aggressive pricing actions and robust organic sales growth. Elevated raw and packaging material, and logistics costs, as well as adverse currency, act as woes.