Colgate-Palmolive Company posted a gain in worldwide sales with higher than expected earnings growth for second quarter 2008. Global sales rose 16.5% to $3.96 billion. Gross profit margin was almost stable at 56.5%, up from 56.0% a year prior. Operating profit as reported increased 17% to $767 million. Reported net income rose 19% to $493.8 million.
For the six months that ended June 30, 2008, net sales rose 17% to $7.7 billion, while gross profit dropped 2% to $4.3 billion, while operating profit slipped 1% to $1.5 billion. Net income fell 5% to $930.3 million.