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Forex is blamed for decline.
April 26, 2019
By: TOM BRANNA
Editor
Colgate-Palmolive's first quarter sales fell 3% to $3.88 billion. Global unit volume increased 1.0%, pricing increased 2.0% and foreign exchange was negative 6.0%. Organic sales (Net sales excluding the impact of foreign exchange, acquisitions and divestments) increased 3.0%. Despite the decline, CEO Noel Wallace put a positive spin on results. “We are pleased with the improvement in organic sales growth this quarter and that the growth was broad based, with emerging markets and develope...
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