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COLGATE - PALMOLIVE Colgate Announces 2nd Quarter 2021 Results July 30 , 2021 NEW YORK -- ( BUSINESS WIRE ) -- Jul . 30 , 2021-- Colgate - Palmolive Company ( NYSE : CL ) : • Net sales increased 9.5 % , Organic sales * increased 5.0 % • On a GAAP basis , EPS grew 12 % to $ 0.83 ; On a Base Business basis , EPS * grew 8 % to $ 0.80 • GAAP Gross profit margin and Base Business Gross profit margin * decreased 80 basis points to 60.0 % • Net cash provided by operations was $ 1,225 million for the first six months of 2021 • Colgate's leadership in toothpaste continued with its global market share at 39.3 % year to date • Colgate's leadership in manual toothbrushes continued with its global market share at 30.8 % year to date • The Company updated its financial guidance for full year 2021 Second Quarter Total Company Results ( GAAP ) ( $ in millions except per share amounts ) Net Sales EPS ( diluted ) ( $ in millions except per share amounts ) Organic Sales Growth 2021 2020 Change Second Quarter Total Company Results ( Base Business - Non - GAAP ) * Base Business EPS ( diluted ) $ 4,260 $ 3,897 + 9.5 % $ 0.83 $ 0.74 + 12 % 2021 2020 Change + 5.0 % $ 0.80 $ 0.74 + 8 % * Indicates a non - GAAP financial measure . Please refer to " Non - GAAP Financial Measures " later in this release for definitions of non - GAAP financial measures and to " Table 6 - Geographic Sales Analysis Percentage Changes " and " Table 8 - Non - GAAP Reconciliations " included with this release for a reconciliation of these non - GAAP financial measures to the related GAAP measures . Colgate - Palmolive Company ( NYSE : CL ) today reported results for second quarter 2021. Noel Wallace , Chairman , President and Chief Executive Officer , commented on the second quarter results , " We are pleased that our strong growth momentum continued in the second quarter , even as we operated in an environment marked by significant volatility . Net sales increased 9.5 % and organic sales grew 5.0 % driven by both volume growth and higher pricing . This is our tenth consecutive quarter delivering organic sales growth either in or above our targeted range of 3 % to 5 % . " Despite significant raw material and logistics cost headwinds , we delivered another quarter of increased operating profit , net income and earnings per share on a Base Business basis . We expect the difficult cost environment to continue in the back half of the year and we remain sharply focused on our funding the growth and revenue growth management initiatives . " As we look around the world , there is still much uncertainty stemming from the COVID - 19 pandemic , including volatility in consumer demand and currencies and supply chain disruptions . In the face of these challenges , Colgate people everywhere remain committed to achieving our business goals by driving premium innovation , executing with agility and leveraging digital in all areas of our business . I am confident that our investment choices and growth strategies will help us manage through this difficult time . " Full Year 2021 Guidance Based on current spot rates : • The Company still expects net sales to be up 4 % to 7 % including a low - single - digit benefit from foreign exchange . • The Company still expects organic sales to be up within its long - term targeted range of 3 % to 5 % . • On a GAAP basis , the Company now expects a decline in gross profit margin , increased advertising investment and