03.04.15
Colgate-Palmolive Company reported worldwide net sales fell 3% to $4.2 billion in the fourth quarter, even as unit volume grew 2.5%. The company noted that pricing increased 3.5% and foreign exchange was negative 9.0%. Organic sales grew 6.0%. Q4 net income rose 11% to $628 million.
For the full year, sales fell 1% to $17.2 billion and net income declined nearly 3% to $2.1 billion. Global unit volume grew 3.0%, pricing increased 2.0% and foreign exchange was negative 6.0%. Organic sales grew 5.0%.
Looking ahead, Colgate chairman and CEO Ian Cook expects more of the same.
“As we enter 2015, macroeconomic conditions and foreign exchange volatility remain challenging,” he said. “Despite that, we anticipate another year of solid organic sales growth driven by a full new product pipeline across all categories and geographies,” Cook said.
For the full year, sales fell 1% to $17.2 billion and net income declined nearly 3% to $2.1 billion. Global unit volume grew 3.0%, pricing increased 2.0% and foreign exchange was negative 6.0%. Organic sales grew 5.0%.
Looking ahead, Colgate chairman and CEO Ian Cook expects more of the same.
“As we enter 2015, macroeconomic conditions and foreign exchange volatility remain challenging,” he said. “Despite that, we anticipate another year of solid organic sales growth driven by a full new product pipeline across all categories and geographies,” Cook said.