Breaking News

Colgate-Palmolive Posts Strong Fourth Quarter

March 4, 2008

Colgate-Palmolive Company reported a rise in worldwide sales and unit volume growth together with higher than expected earnings growth for fourth quarter 2007.

Worldwide sales grew 13.5% to $3.6 billion and unit volume grew 5.0%, as reported. Excluding divestments, worldwide sales and unit volume grew 14.0% and 5.5%, respectively. Global pricing increased 2.0% and foreign exchange added 6.5%.

According to the company, the very strong top-line growth was supported by a 14% increase in worldwide advertising spending. Fourth quarter 2007 results include $75.8 million of after-tax charges related to the 2004 Restructuring Program.

For the full year 2007, worldwide sales as reported increased 12.5% to $13.7 billion. Net income for the full year 2007 was $1.7 billion.
blog comments powered by Disqus
  • Cosmetic Chemists Head to Orlando Next Month

    Cosmetic Chemists Head to Orlando Next Month

    September 26, 2016
    Organizing Chair Guy Padulo explains why you should attend the IFSCC Congress.

  • Restoring Rembrandt

    Restoring Rembrandt

    Christine Esposito, Associate Editor||September 26, 2016
    Ranir LLC has acquired Rembrandt, an iconic name in teeth whitening, and plans to make it a staple in the value segment.

  • Active Agents

    Active Agents

    September 19, 2016
    On the surface, surfactants may seem staid, but the market, and the supplier activity driving it, is bubbling.

  • Back to School

    Back to School

    Tom Branna, Editorial Director||September 1, 2016
    It may be September, but class was in session this summer during the Private Label Manufacturers Association’s Executive Educ

  • What

    What's In Your Formula?

    Christine Esposito, Associate Editor||September 1, 2016
    A look at the ingredients beauty brands are using to fuel their formulations and capture consumers’ attention.

  • A Sweet-Smelling Sanctuary

    A Sweet-Smelling Sanctuary

    Melissa Meisel, Associate Editor||September 1, 2016
    Home fragrance is enhanced by aromatic developments in delivery and components.