Colgate-Palmolive Company posted a jump in worldwide sales and unit volume growth together with higher than expected earnings growth for first quarter 2008. Worldwide sales grew 15.5% to $3.7 billion and unit volume grew 5.0%, as reported. Excluding divestments, worldwide sales and unit volume grew 16.0% and 5.5%, respectively. Global pricing increased 3.0% and foreign exchange added 7.5%. The very strong top-line growth was supported by a 16.0% increase in worldwide advertising spending.

First quarter 2008 results include $21.2 million of aftertax charges related to the 2004 Restructuring Program. The year ago quarter included restructuring charges of $29.9 million and other Items totaling to a net gain of $95.4 million.

Operating profit as reported increased 11% versus first quarter 2007 to $723.7 million. Reported net income in first quarter 2008 was $466.5 million—a drop compared to $486.6 million in 2007. Net income increased 16% in first quarter 2008 to a record $487.7 million.