Company News

Colgate Q2 Sales Rise 2%

Foreign exchange rate cuts into gains.

Author Image

By: TOM BRANNA

Editor

Colgate-Palmolive Company’s second quarter sales rose 2% to more than 4.2 billion. Unit volume grew 5.0%, pricing increased 3.5% and foreign exchange was negative 6.5%. Excluding divested businesses, global unit volume grew 5.5%. The Sanex acquisition contributed 1.0% to sales and volume growth. Organic sales grew 8.0%. Net income rose less than 1% to $627 million. Gross profit margin was 57.7% in second quarter 2012, an increase of 30 basis points “We are very pleased that our t...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters