Colgate-Palmolive Cautious About Costs Despite Margin Growth
Dow Jones
Jul 31
0958 ET - Colgate-Palmolive executives say they are remaining vigilant about rising costs, even as the company's margins rise. The consumer-goods company was able to post strong profit margins in 2Q and raise its margin outlook thanks to careful price hikes, cost-cutting measures and a bump from tariff refunds, Chief Financial Officer Stan Sutula tells analysts on a call. Still, management is cautious about rising costs for oil and supplies. Sutula says he expects raw material costs and tariffs will be higher in 2H than they were in 2Q. "We have our eyes wide open," he says.
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