Financial News

New Launches Help Colgate’s US Volume in Q2

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By: TOM BRANNA

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For the fourth quarter in a row, Colgate-Palmolive reported a decline in sales. In Q2, sales dropped 6.5% to $4.1 billion. Still, global unit volume grew 3.0% and pricing increased 2.5%, but foreign exchange was negative 12.0%. Operating profit decreased 5% to $932 million. Ian Cook, chairman, president and chief executive officer, commented on the results and outlook excluding the 2015 and 2014 items noted above, “In the face of challenging macroeconomic conditions worldwide, we are pleased ...

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