Colgate-Palmolive Company CL is one stock that has been stable in the coronavirus period despite the turmoil in markets. In general, the consumer staples stocks, dealing in everyday essentials, have shown tranquility, thanks to the nature of business. Amid the pandemic, Colgate continued to witness strong volume growth and robust pricing, which aided its top line across most regions.
This helped the company deliver strong top and bottom-line results in first-quarter 2020. Further, it has been benefiting from innovation and in-store implementation, which have been the guiding principles of its growth strategy. Also, the company remains focused on expanding the availability of its products through enhanced distribution to newer markets and channels, which is likely to help improve its organic sales performance.
Driven by the recent trend and strong fundamentals, the Colgate stock has risen 7% year to date compared with the industry’s growth of 0.5%. Moreover, the Zacks Rank