Colgate Warns New Tariffs Will Outweigh Recent Refund Windfall

Colgate-Palmolive Company (NYSE: CL ) stock traded lower Friday after the consumer-products company reported second-quarter 2026 results. Adjusted earnings and revenue beat expectations, but weakness in North America and increased tariff headwinds pressured investor sentiment. Earnings And Margins Base Business EPS rose 8% to 99 cents, beating the 95-cent estimate. Net sales increased 4.9% to $5.361 billion, above the $5.358 billion estimate, while organic sales grew 2.4%. The organic result included a 0.4-percentage-point drag from the private-label pet food exit. GAAP EPS fell 5% to 86 cents, while net income declined to $693 million from $743 million. Gross margin expanded 140 basis points to 61.5% on both a GAAP and Base Business basis. Productivity added 280 basis points, and pricing contributed 60 basis points, offsetting a 220-basis-point raw-material headwind that included tar...