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Worldwide net sales fall 7.5% but organic sales rise 5.0%.
April 28, 2016
By: Christine Esposito
Editor-in-Chief
Colgate-Palmolive Company today reported worldwide net sales of $3.762 billion in first quarter 2016, a decrease of 7.5% versus first quarter 2015. Excluding divested businesses and the impact of the previously disclosed deconsolidation of the company’s Venezuelan operations, unit volume increased 3.5%, pricing increased 1.5% and foreign exchange was negative 8.0%. Organic sales (net sales excluding foreign exchange, acquisitions, divestments and the impact of the deconsolidation of the Company’...
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