CL · 10-Q · 2026Q3 · Full report

Macroeconomic Consumer Pressure

COLGATE PALMOLIVE CO · 2026-10-30 · Importance null · Surprise 24

Management expects global macroeconomic, geopolitical and market conditions to remain challenging through the balance of 2026, with wars, military conflicts and trade developments affecting logistics, material and commodity prices, consumer sentiment, consumption and category growth. The company expects consumers may trade down to private label or lower-priced offerings, and expects softness across its categories to continue through the balance of 2026. It also cites inflation and high interest rates affecting consumers in many geographies and warns that persistent conditions could adversely affect future results.

Key facts

• Colgate-Palmolive expects Ukraine-war-related risks to continue, including higher costs and possible availability limits for raw and packaging materials and commodities, supply chain and logistics challenges, import restrictions, foreign-currency volatility and reputational concerns. source
• The Middle East conflict has negatively affected and may further affect Colgate-Palmolive's supply chain and logistics, raw and packaging material and commodity availability and prices, consumer sentiment and consumption, and category growth rates. source
• Colgate-Palmolive anticipates consumers may forgo some products or switch to private label or lower-priced offerings; category or product volumes may decline or shift from higher- to lower-margin offerings, and category softness is expected to continue through the balance of 2026. source
• Colgate-Palmolive expects global macroeconomic, geopolitical and market conditions to remain challenging, with effects on supply chains, material and commodity costs, consumer sentiment and purchasing patterns, consumption, category growth, inflation and volatility. source