Financial News

Colgate-Palmolive Sees 2% Rise in Q2 Sales

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By: TOM BRANNA

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Colgate-Palmolive’s second quarter sales increased 2% to more than $4.3 billion. Unit volume grew 4.0%, pricing increased 1.0% and foreign exchange was negative 3.0%. Organic sales (net sales excluding foreign exchange, acquisitions and divestments) grew 5.5%. Net income fell more than 10% to $561 million due to a $101 million aftertax charges resulting from the implementation of the previously disclosed four-year Global Growth and Efficiency Program, costs associated with the sale of land in Me...

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