Colgate-Palmolive (CL) Revenue — Quarter Ended Mar 31, 2024
Revenue increased compared to both the immediately preceding three-month period and the same three-month period one year earlier. The company's growth strategy emphasizes organic sales and innovation.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased compared to both the immediately preceding three-month period and the same three-month period one year earlier. The company's growth strategy emphasizes organic sales and innovation.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.1B
Revenue reported for this quarter.
Quarter-over-quarter
+2.3%
Change from the immediately preceding quarter.
Year-over-year
+6.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $4.8B | +7.5% |
| Sep 30, 2023 | $4.9B | +10.3% |
| Dec 31, 2023 | $5B | +6.9% |
| Mar 31, 2024 | $5.1B | +6.2% |
Revenue performance
The company's reported revenue rose from the prior three-month period and from the three-month period one year earlier. The business continues to invest in innovation and high-growth categories.
Quarterly comparison
Sequentially, revenue was higher than the preceding three-month period. On a year-over-year basis, revenue also exceeded the level from the same three-month period last year.
What to watch
Cash flow from operations declined versus the prior year period, attributed to an increase in receivables, which may warrant monitoring.