Colgate-Palmolive cuts annual sales forecast as consumers balk at price hikes
Update: 2025-10-31
Description
Colgate-Palmolive, known for brands like Colgate toothpaste and Palmolive soap, has cut its annual sales forecast due to uncertain economic conditions causing consumers to cut back on spending. Despite price increases to cover higher costs from US tariffs, the company is facing lower demand and a shift towards cheaper store brands. Regional challenges, such as a Buy Canadian movement and rising raw material costs, are also impacting sales. Colgate now expects organic sales to grow only 1-2% this year, down from their earlier estimate.
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