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.
  • Sparkle & Shine

    Sparkle & Shine

    Melissa Meisel, Associate Editor||November 21, 2016
    Glam packaging and upscale scent combos are big at Yankee Candle for Holiday 2016.

  • Cos Bar: Turning 40 and Hitting Fast Forward

    Cos Bar: Turning 40 and Hitting Fast Forward

    Christine Esposito, Associate Editor||November 21, 2016
    With a recent investor infusion, a new CEO and rebranding effort underway, this luxury beauty retailer has big plans.

  • Organic Matter

    Organic Matter

    Christine Esposito, Associate Editor||November 14, 2016
    FTC and USDA hold a public roundtable to discuss consumers’ perception of organic claims.

  • The World Comes to Orlando

    The World Comes to Orlando

    Tom Branna , Editorial Director||December 1, 2016
    More than 1,600 chemists traveled to Florida for the IFSCC Congress

  • The Plex  Phenomenon

    The Plex Phenomenon

    Denise Costrini, Croda North America||December 1, 2016
    Croda details the hair-protecting qualities of bond multipliers and the company’s new bond-building formulation system.