Colgate-Palmolive CEO said that shoppers still feel pressure.

Shoppers still feel pressured. Noel Wallace, CEO of Colgate-Palmolive, stated in a conference call with analysts: "In terms of market trends, there is a lot of uncertainty at the consumer level currently." "Therefore, they are more reserved in stockpiling and buying more during promotions, perhaps like they did in the past." He also noted that there is a divergence between high-income and low-income consumers. Wallace said that in the high-end market, the company's ultra-premium business saw significant growth. While in the low-end market, the company is seeing more consumers turning to purchasing affordable products.