Colgate-Palmolive said second quarter sales rose 2% to more than $4.3 billion. Unit volume grew 4.0%, pricing increased 1.0% and foreign exchange was negative 3.0%. Organic sales (Net sales excluding foreign exchange, acquisitions and divestments) grew 5.5%. Net income rose more than 2% to $627 million.
"We are delighted that our strong growth momentum continued on both the top and bottom lines. For the fifth consecutive quarter, gross profit margin, operating profit margin and net income as a percent of sales all increased versus the year ago period," said Ian Cook, chairman, president and chief executive officer. "The strong 5.5% organic sales growth was led by the emerging markets where organic sales grew a robust 8.5%. All operating divisions achieved positive unit volume growth in the quarter."
According to Cook, Colgate's global market shares in toothpaste and manual toothbrushes are both at record highs year to date. Colgate's share of the global toothpaste market strengthened to 45.4% year to date, up 0.1 share points versus year ago. Colgate's global leadership in manual toothbrushes also strengthened during the quarter with Colgate's global market share in the manual toothbrush category reached 33.3%, up 0.4 share points versus year ago.
Gross profit margin was 58.3% in second quarter 2013 versus 57.7% in the year ago quarter.