07.01.21
New York
www.colgatepalmolive.com
Sales: $13.6 billion for oral, personal and home care products Corporate sales: $16.4 billion
Key Personnel
Noel Wallace, chairman, president and chief executive officer; Jennifer M. Daniels, chief legal officer and secretary; Stanley J. Sutula III, chief financial officer; Prabha Parameswaran, group president, global innovation group; Panagiotis Tsourapas, group president, Colgate Latin America, Asia Pacific and Africa/Eurasia
Major Products
Oral Care: Colgate Baking Soda and Peroxide Whitening, Plus, Total, Optic White, Enamel Health, 360°, Kids, Sensitive, MaxFresh, 2in1, Sparkling White, Tartar Protection with Whitening, Triple Action, Ultrabrite, Wave, Wisp, Mouth Sore Rinse; Peroxyl Mouth Sore Rinse, Elmex, Meridol and Sorriso oral care products, Gel-Kam Preventative Treatment Gel, Tom’s of Maine; Hello. Personal Care: Irish Spring deodorants; Softsoap and Irish Spring body washes; Protex soap, Sanex cleansers; Gard anti-dandruff shampoo with conditioner; Speed Stick and Lady Speed Stick antiperspirants and deodorants; Softsoap hand soap; Irish Spring and Softsoap bar soaps; Tahiti; Tender Care, Afta men’s toiletries. Dishwashing: Palmolive Ultra Strength, Antibacterial, Oxy Pure Degreaser, Pure & Clear, Fusion Clean, Soft Touch, Lavender and Lime, Eco and Ajax. Hard Surface: Axion, Fabuloso, Murphy Original Formula, Orange Oil Spray, Soft Wipes, Squirt & Mop, Pinho Sol. Laundry: Bonus, Brite, Express Power, Fleecy detergents, Fluffy, Cuddly, Soupline and Sta-soft fabric conditioner
New products
Colgate Zero, Hum by Colgate toothbrush, CO. by Colgate
Comments: No matter what was happening in the world last year, consumers kept brushing their teeth. Colgate posted a 5% increase in sales last year—it’s biggest gain in more than a decade. CEO Noel Wallace credited increased investments in innovation, digital transformation and advertising for contributing to growth across the entire portfolio and in all geographies. By category, oral care accounted for 44% of sales, followed by personal care (21%) and home care (18%). Pet nutrition, a category not covered by Happi, represented 17% of sales.
North American sales of oral, personal and home care products rose 9.5% to more than $3.7 billion last year. Oral care gains were credited to increased toothpaste sales. Colgate said the increase in personal care was primarily due to organic growth in liquid hand soaps, offset by a decline in AP/deo sales. Home care sales rose on greater demand for hand dish and liquid cleaner products.
Sales in Latin America fell 5% to $3.4 billion, primarily due to unfavorable forex. Organic sales increased 9%, led by Brazil, Argentina, Mexico and Colombia. Organic oral care sales rose on the strength of toothpaste brands. Organic personal care sales were up on greater demand for liquid soap and organic home care sales rose on greater demand for hand dish and liquid cleaner products.
Sales in Europe jumped 12% to more than $2.7 billion on the strength of personal and home care sales. Personal care rose on greater demand for liquid hand soap and body wash, partially offset by lower AP/deo sales. Home care sales increased due to greater demand for bleach, hand dish, spray cleaner and fabric softener.
Asia Pacific sales fell less than 1% to $2.7 billion. Volume slipped 1.5%. Organic growth was led by Australia, New Zealand and the Philippines, partially offset by declines in Thailand and China. Colgate said increased demand for home and personal care products was partially offset by a decline in oral care sales, due to lower manual toothbrush sales. Sales in Africa/Eurasia were flat at $981 million. While volume rose 5% and net selling price increased 3.5%, they were offset by negative forex of 8.5%. Demand for toothpaste and toothbrushes provided a lift to oral care sales. The increase in personal care sales was attributed to gains in the bar soap, body wash and liquid hand soap categories. During the year, Colgate acquired controlling interest in Nigeria-based Hypo Homecare Products Ltd.
Like other Top 50 companies, Colgate saw a big jump, 46%, in online sales last year.
The gains continued into 2021. The company reported first quarter sales rose 6% to more than $4.3 billion. Sales of oral, personal and home care products rose 5.5% to more than $3.5 billion. Colgate’s share of the global toothpaste market fell 1.1 share points to 39.2% during the period. Its share of the global manual toothbrush market fell 0.7 share points to 30.6%. By region, market shares in toothpaste were up in North America and Africa/Eurasia and down in Latin America, Europe and Asia Pacific. In the manual toothbrush category, year-to-date market shares were up in Latin America and Africa/Eurasia and down in North America, Europe and Asia Pacific versus the comparable 2020 period.
In an interview with Deutsche Bank, Colgate CEO Noel Wallace provided insight on how far the company has come and what long-term opportunities remain. In 2019, Wallace challenged employees to embrace innovation and the strength of brands like Colgate and Hill’s Nutrition, while moving faster with more agility, getting rid of waste and embracing digital transformation.
www.colgatepalmolive.com
Sales: $13.6 billion for oral, personal and home care products Corporate sales: $16.4 billion
Key Personnel
Noel Wallace, chairman, president and chief executive officer; Jennifer M. Daniels, chief legal officer and secretary; Stanley J. Sutula III, chief financial officer; Prabha Parameswaran, group president, global innovation group; Panagiotis Tsourapas, group president, Colgate Latin America, Asia Pacific and Africa/Eurasia
Major Products
Oral Care: Colgate Baking Soda and Peroxide Whitening, Plus, Total, Optic White, Enamel Health, 360°, Kids, Sensitive, MaxFresh, 2in1, Sparkling White, Tartar Protection with Whitening, Triple Action, Ultrabrite, Wave, Wisp, Mouth Sore Rinse; Peroxyl Mouth Sore Rinse, Elmex, Meridol and Sorriso oral care products, Gel-Kam Preventative Treatment Gel, Tom’s of Maine; Hello. Personal Care: Irish Spring deodorants; Softsoap and Irish Spring body washes; Protex soap, Sanex cleansers; Gard anti-dandruff shampoo with conditioner; Speed Stick and Lady Speed Stick antiperspirants and deodorants; Softsoap hand soap; Irish Spring and Softsoap bar soaps; Tahiti; Tender Care, Afta men’s toiletries. Dishwashing: Palmolive Ultra Strength, Antibacterial, Oxy Pure Degreaser, Pure & Clear, Fusion Clean, Soft Touch, Lavender and Lime, Eco and Ajax. Hard Surface: Axion, Fabuloso, Murphy Original Formula, Orange Oil Spray, Soft Wipes, Squirt & Mop, Pinho Sol. Laundry: Bonus, Brite, Express Power, Fleecy detergents, Fluffy, Cuddly, Soupline and Sta-soft fabric conditioner
New products
Colgate Zero, Hum by Colgate toothbrush, CO. by Colgate
Comments: No matter what was happening in the world last year, consumers kept brushing their teeth. Colgate posted a 5% increase in sales last year—it’s biggest gain in more than a decade. CEO Noel Wallace credited increased investments in innovation, digital transformation and advertising for contributing to growth across the entire portfolio and in all geographies. By category, oral care accounted for 44% of sales, followed by personal care (21%) and home care (18%). Pet nutrition, a category not covered by Happi, represented 17% of sales.
North American sales of oral, personal and home care products rose 9.5% to more than $3.7 billion last year. Oral care gains were credited to increased toothpaste sales. Colgate said the increase in personal care was primarily due to organic growth in liquid hand soaps, offset by a decline in AP/deo sales. Home care sales rose on greater demand for hand dish and liquid cleaner products.
Sales in Latin America fell 5% to $3.4 billion, primarily due to unfavorable forex. Organic sales increased 9%, led by Brazil, Argentina, Mexico and Colombia. Organic oral care sales rose on the strength of toothpaste brands. Organic personal care sales were up on greater demand for liquid soap and organic home care sales rose on greater demand for hand dish and liquid cleaner products.
Sales in Europe jumped 12% to more than $2.7 billion on the strength of personal and home care sales. Personal care rose on greater demand for liquid hand soap and body wash, partially offset by lower AP/deo sales. Home care sales increased due to greater demand for bleach, hand dish, spray cleaner and fabric softener.
Asia Pacific sales fell less than 1% to $2.7 billion. Volume slipped 1.5%. Organic growth was led by Australia, New Zealand and the Philippines, partially offset by declines in Thailand and China. Colgate said increased demand for home and personal care products was partially offset by a decline in oral care sales, due to lower manual toothbrush sales. Sales in Africa/Eurasia were flat at $981 million. While volume rose 5% and net selling price increased 3.5%, they were offset by negative forex of 8.5%. Demand for toothpaste and toothbrushes provided a lift to oral care sales. The increase in personal care sales was attributed to gains in the bar soap, body wash and liquid hand soap categories. During the year, Colgate acquired controlling interest in Nigeria-based Hypo Homecare Products Ltd.
Like other Top 50 companies, Colgate saw a big jump, 46%, in online sales last year.
The gains continued into 2021. The company reported first quarter sales rose 6% to more than $4.3 billion. Sales of oral, personal and home care products rose 5.5% to more than $3.5 billion. Colgate’s share of the global toothpaste market fell 1.1 share points to 39.2% during the period. Its share of the global manual toothbrush market fell 0.7 share points to 30.6%. By region, market shares in toothpaste were up in North America and Africa/Eurasia and down in Latin America, Europe and Asia Pacific. In the manual toothbrush category, year-to-date market shares were up in Latin America and Africa/Eurasia and down in North America, Europe and Asia Pacific versus the comparable 2020 period.
In an interview with Deutsche Bank, Colgate CEO Noel Wallace provided insight on how far the company has come and what long-term opportunities remain. In 2019, Wallace challenged employees to embrace innovation and the strength of brands like Colgate and Hill’s Nutrition, while moving faster with more agility, getting rid of waste and embracing digital transformation.