Colgate-Palmolive Company (CL) announced, for 2018, on a GAAP basis, based on current spot rates and including the impact of the Global Growth and Efficiency Program, the company expects lower gross margin and double-digit earnings per share growth versus 2017. Excluding charges resulting from the Global Growth and Efficiency Program, charges related to U.S. tax reform and the benefit from a foreign tax matter in 2018, based on current spot rates, the company is planning for a year of continued strong operating cash flow, lower gross margin, sustained advertising investment and 3-4% earnings per share growth versus 2017.
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