What risks could hurt CL's future earnings?

Colgate-Palmolive's future earnings could be hurt by several risks:

1. **Foreign Exchange Headwinds**: The company operates in over 200 countries and territories, making it susceptible to foreign exchange fluctuations. As inflationary pressures ease, the company may find it more difficult to maintain the impressive growth rates seen in recent periods.
2. **Potential Market Slowdown**: Some analysts anticipate a deceleration in volume growth in the latter half of 2024 and into 2025, which could impact Colgate-Palmolive's performance relative to its peers.
3. **Difficult Year-over-year Comparisons**: As the company laps strong performance periods, maintaining high growth rates may become increasingly challenging. This could affect the company's financial results and contribute to stock underperformance.
4. **Raw Material and Packaging Material Costs**: Higher costs for raw materials and packaging have been a concern, despite sales growth. This could impact gross margins and profit margins if not managed effectively.

In summary, Colgate-Palmolive's future earnings are subject to risks related to foreign exchange fluctuations, potential market slowdown, difficult year-over-year comparisons, and raw material and packaging material costs.