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Global conditions overall are challenging, says CEO Cook.
January 27, 2017
By: Melissa Meisel
Colgate-Palmolive Company reported worldwide net sales fell 4.5% to $3.7 billion in the fourth quarter 2016. Global unit volume decreased 5.5%, pricing increased 2.5% and foreign exchange was negative 1.5%. Excluding the impact of the deconsolidation of the company’s Venezuelan operations, unit volume decreased 1.0%. Organic sales grew 1.5%. For the full year 2016, worldwide net sales decreased 5% to $15.2 billion. Global unit volume decreased 3.0%, pricing increased 2.5% and foreign exchange...
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