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Oral Care Driving Business at Colgate

Published April 25, 2013
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Oral Care Driving Business at Colgate

Colgate-Palmolive Company reported worldwide net sales for the first quarter 2013 increased 2.5% to $4.3 billion. Global unit volume grew 4.0%, pricing increased 1.5% and foreign exchange was negative 3.0%.Operating profit decreased 21% to $742 million in first quarter 2013 .

Ian Cook, chairman, president and chief executive officer, commented on the results and outlook excluding the 2013 and 2012 items noted above, “We are very pleased to begin the year with strong top and bottom line growth, building on the growth momentum we saw in 2012. Gross profit margin, operating profit margin and net income as a percent of sales all increased versus the year ago period.”

Cook added, “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 45.6% year to date … our global leadership in manual toothbrushes also strengthened during the quarter with Colgate’s global market share in that category reaching 33.4% year to date. “

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