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Colgate’s Sales Slip in Q3

But sales are up YTD.

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By: TOM BRANNA

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Colgate-Palmolive Company said third quarter sales fell 3% to $3.8 billion. Global unit volume was even with the year ago quarter, pricing increased 1.0% and foreign exchange was negative 4.0%. Professional skin care acquisitions contributed 1.5% to net sales and unit volume growth in the quarter. Organic sales decreased 0.5%. Net income declined near 14% to $523 million.   “The third quarter was a challenging one with category growth rates remaining soft in many markets and unfavorable mo...

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