07.01.22
New York, NY
www.colgatepalmolive.com
Sales: $14.1 billion
Key Personnel: Noel Wallace, chairman, president and CEO; Jennifer M. Daniels, chief legal officer and secretary; Stanley J. Sutula III, chief financial officer; Prabha Parameswaran, group president, growth and strategy; Panagiotis Tsourapas, group president, Europe and developing markets; Maria Paula Capuzzo, president, Colgate-Africa/Eurasia; Michael A. Corbo, chief supply chain officer; Mike Crowe, chief information officer; Paula Davis, chief communication officer; Mukul Deoras, president, Colgate-Asia Pacific; John Faucher, chief investor research officer and SVP-M&A; Jean-Luc Fischer, president, Colgate-Europe; Jesper Nordengaard, president, Colgate-North America; Patricia Verduin, chief technology officer; Juan Pablo Zamorano, president, Colgate-Latin America
Major Products: Oral Care—Colgate, Elmex, Hello, Meridol, Tom’s. Personal Care—Elta MD, Filorga, Irish Spring, Palmolive, PCA Skin, Protex, Sanex, Softsoap, Sorriso, Speed Stick, Lady Speed Stick, Tahiti. Home Care—Ajax, Axion, Cuddly, DanKlorix, Fabuloso, For the Future Now, Murphy Oil Soap, Pinho Sol. Fabric Care—Fleecy, Fluffy, Softlan, Soupline, Sta-soft
New Products: Oral Care—Colgate Keep toothbrush, Colgate Elixir toothpaste (Europe), Colgate Optic White Overnight Pen, Colgate Enzyme Whitening toothpaste (China); Irish Spring (relaunch)
Comments: Corporate sales rose 6% last year to $17.4 billion. Oral care accounted for 44% of sales, followed by personal care (20%), homecare (17%), and pet nutrition (19%). Sales of oral, personal and home care products increased 4%, due to net selling price increases of 2.5% and positive Forex of 1.5%. Volume was flat. The increase in organic sales in 2021 versus 2020 was due to an increase in oral care organic sales, partially offset by a decrease in personal care organic sales. The increase in oral care was primarily due to organic sales growth in the toothpaste, manual toothbrush and mouthwash categories. The decrease in personal care was primarily due to organic sales declines in the liquid hand soap and bar soap categories.
The company proudly notes that it is No. 1 toothpaste company in the world. Colgate’s share of the global toothpaste market was 39.4% for 2021, down 0.3 share points from 2020, and its share of the global manual toothbrush market was 30.9%, up 0.1 share points from 2020. Full year 2021 market shares in toothpaste were up in Europe and Africa/Eurasia and down in North America, Latin America and Asia Pacific. Manual toothbrush shares were up in Latin America, Europe and Africa/Eurasia and down in North America and Asia Pacific. By region, sales of oral, personal and home care products fell 1% in North America. However, sales were up in every other region, led by gains in Latin America (70%), Africa/Eurasia (6.5%), Asia Pacific (6.0%) and Europe (3.5%). North America and Latin America each accounted for 21% of sales, followed by Asia Pacific (17%), Europe (16%) and Africa/Eurasia (6%). Hill’s Pet Nutrition represented 19% of sales last year.
For the first quarter of 2022, corporate sales rose 1.5% to nearly $4.4 billion. Sales of oral, personal and home care products declined less than 1% to $3.5 billion. By region, sales in North America rose 0.5% and sales in in Latin America increased 5.5%. However, sales fell in Europe (-9.0%), Asia Pacific (-1.5%) and Africa/Eurasia (-2.0%). Oral care accounted for 45% of Q1 sales. Personal care represented (18% and home care, 17%. The company’s share of the global toothpaste market fell 0.1 share points to 39.2%.
Approximately 70% of Colgate’s Q1 sales were generated from markets outside the US, with approximately 45% of sales coming from emerging markets (Latin America, Asia (excluding Japan), Africa/Eurasia and Central Europe).
In Q1, Colgate rolled out a recyclable toothpaste tube in the US—the first to be recognized by external recycling authorities as recyclable—and the company is taking steps to ensure the tubes don’t end up in landfill. The tube is made from high density polyethylene (HDPE).
www.colgatepalmolive.com
Sales: $14.1 billion
Key Personnel: Noel Wallace, chairman, president and CEO; Jennifer M. Daniels, chief legal officer and secretary; Stanley J. Sutula III, chief financial officer; Prabha Parameswaran, group president, growth and strategy; Panagiotis Tsourapas, group president, Europe and developing markets; Maria Paula Capuzzo, president, Colgate-Africa/Eurasia; Michael A. Corbo, chief supply chain officer; Mike Crowe, chief information officer; Paula Davis, chief communication officer; Mukul Deoras, president, Colgate-Asia Pacific; John Faucher, chief investor research officer and SVP-M&A; Jean-Luc Fischer, president, Colgate-Europe; Jesper Nordengaard, president, Colgate-North America; Patricia Verduin, chief technology officer; Juan Pablo Zamorano, president, Colgate-Latin America
Major Products: Oral Care—Colgate, Elmex, Hello, Meridol, Tom’s. Personal Care—Elta MD, Filorga, Irish Spring, Palmolive, PCA Skin, Protex, Sanex, Softsoap, Sorriso, Speed Stick, Lady Speed Stick, Tahiti. Home Care—Ajax, Axion, Cuddly, DanKlorix, Fabuloso, For the Future Now, Murphy Oil Soap, Pinho Sol. Fabric Care—Fleecy, Fluffy, Softlan, Soupline, Sta-soft
New Products: Oral Care—Colgate Keep toothbrush, Colgate Elixir toothpaste (Europe), Colgate Optic White Overnight Pen, Colgate Enzyme Whitening toothpaste (China); Irish Spring (relaunch)
Comments: Corporate sales rose 6% last year to $17.4 billion. Oral care accounted for 44% of sales, followed by personal care (20%), homecare (17%), and pet nutrition (19%). Sales of oral, personal and home care products increased 4%, due to net selling price increases of 2.5% and positive Forex of 1.5%. Volume was flat. The increase in organic sales in 2021 versus 2020 was due to an increase in oral care organic sales, partially offset by a decrease in personal care organic sales. The increase in oral care was primarily due to organic sales growth in the toothpaste, manual toothbrush and mouthwash categories. The decrease in personal care was primarily due to organic sales declines in the liquid hand soap and bar soap categories.
The company proudly notes that it is No. 1 toothpaste company in the world. Colgate’s share of the global toothpaste market was 39.4% for 2021, down 0.3 share points from 2020, and its share of the global manual toothbrush market was 30.9%, up 0.1 share points from 2020. Full year 2021 market shares in toothpaste were up in Europe and Africa/Eurasia and down in North America, Latin America and Asia Pacific. Manual toothbrush shares were up in Latin America, Europe and Africa/Eurasia and down in North America and Asia Pacific. By region, sales of oral, personal and home care products fell 1% in North America. However, sales were up in every other region, led by gains in Latin America (70%), Africa/Eurasia (6.5%), Asia Pacific (6.0%) and Europe (3.5%). North America and Latin America each accounted for 21% of sales, followed by Asia Pacific (17%), Europe (16%) and Africa/Eurasia (6%). Hill’s Pet Nutrition represented 19% of sales last year.
For the first quarter of 2022, corporate sales rose 1.5% to nearly $4.4 billion. Sales of oral, personal and home care products declined less than 1% to $3.5 billion. By region, sales in North America rose 0.5% and sales in in Latin America increased 5.5%. However, sales fell in Europe (-9.0%), Asia Pacific (-1.5%) and Africa/Eurasia (-2.0%). Oral care accounted for 45% of Q1 sales. Personal care represented (18% and home care, 17%. The company’s share of the global toothpaste market fell 0.1 share points to 39.2%.
Approximately 70% of Colgate’s Q1 sales were generated from markets outside the US, with approximately 45% of sales coming from emerging markets (Latin America, Asia (excluding Japan), Africa/Eurasia and Central Europe).
In Q1, Colgate rolled out a recyclable toothpaste tube in the US—the first to be recognized by external recycling authorities as recyclable—and the company is taking steps to ensure the tubes don’t end up in landfill. The tube is made from high density polyethylene (HDPE).