Financial News

Colgate’s Sales Fall in Third Quarter

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By: TOM BRANNA

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Colgate-Palmolive’s worldwide net sales fell 3.5% to $3.8 billion in the third quarter of 2016. Global unit volume decreased 4.0%, pricing increased 3.0% and foreign exchange was negative 2.5%. However, organic sales grew 4.5%, according to the global oral care giant. North American net sales increased 1%. Market share gains year-to-date were recorded in toothpaste, manual toothbrushes, mouthwash, liquid hand soap, body wash, liquid cleaners and fabric conditioners. Colgate’s share of the too...

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