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A boost in worldwide sales and earnings
April 30, 2008
By: TOM BRANNA
Editor
Colgate-Palmolive Company posted a jump in worldwide sales and unit volume growth together with higher than expected earnings growth for first quarter 2008. Worldwide sales grew 15.5% to $3.7 billion and unit volume grew 5.0%, as reported. Excluding divestments, worldwide sales and unit volume grew 16.0% and 5.5%, respectively. Global pricing increased 3.0% and foreign exchange added 7.5%. The very strong top-line growth was supported by a 16.0% increase in worldwide advertising spending. Fir...
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