Colgate-Palmolive Co. posted a better-than-expected second quarter profit, driven by strong sales of its namesake toothpaste and higher prices on household products. The company said it still expects double-digit growth in earnings per share this year, excluding charges for restructuring and stock compensation.
For the second quarter, net profit fell to $283.6 million, including $115.9 million in restructuring charges, compared with $342.9 million a year earlier.
The latest exclusive market research from Smithers Pira projects positive growth for the across the nonwoven wipes industry. This market can be subdivided into two major types:
Consumer wipes include b…