09.01.15
For the fourth quarter in a row, Colgate-Palmolive reported a decline in sales. In Q2, sales dropped 6.5% to $4.1 billion. Still, global unit volume grew 3.0% and pricing increased 2.5%, but foreign exchange was negative 12.0%. Operating profit decreased 5% to $932 million.
Ian Cook, chairman, president and chief executive officer, commented on the results and outlook excluding the 2015 and 2014 items noted above, “In the face of challenging macroeconomic conditions worldwide, we are pleased to have achieved another quarter of broad-based organic sales growth, driven by positive unit volume growth and higher pricing.”
According to Cook, all operating divisions contributed to the 5.5% worldwide organic sales growth, led by emerging markets where organic sales grew a strong 7.5%, despite economic challenges in certain countries. North America (19% of company sales) increased 1.5% in the second quarter of 2015.
In the US, new product launches are contributing to volume growth. Market share gains year to date were reported in toothpaste, mouthwash, liquid hand soaps, body wash and fabric conditioners. Colgate’s share of the toothpaste market strengthened to 35.2%, driven by strong sales of Colgate Enamel Health, Colgate Optic White Platinum Express White and Tom’s of Maine toothpastes.
Strong sales of Colgate Sensitive Toothbrush + Built-In Sensitivity Relief Pen, Colgate 360° Enamel Health, Colgate 360° Optic White Platinum and Colgate Extra Clean manual toothbrushes contributed to volume growth in the quarter.
Successful products driving volume growth in the US in other categories include Colgate Total for Gum Health, Colgate Total Lasting White and Colgate Kids mouthwashes, Softsoap Fragrant Foaming Collection of liquid hand soaps, Softsoap Fresh & Glow body washes, Irish Spring Signature For Men body wash and bar soap and Suavitel Fragrance Pearls fabric conditioner.
Ian Cook, chairman, president and chief executive officer, commented on the results and outlook excluding the 2015 and 2014 items noted above, “In the face of challenging macroeconomic conditions worldwide, we are pleased to have achieved another quarter of broad-based organic sales growth, driven by positive unit volume growth and higher pricing.”
According to Cook, all operating divisions contributed to the 5.5% worldwide organic sales growth, led by emerging markets where organic sales grew a strong 7.5%, despite economic challenges in certain countries. North America (19% of company sales) increased 1.5% in the second quarter of 2015.
In the US, new product launches are contributing to volume growth. Market share gains year to date were reported in toothpaste, mouthwash, liquid hand soaps, body wash and fabric conditioners. Colgate’s share of the toothpaste market strengthened to 35.2%, driven by strong sales of Colgate Enamel Health, Colgate Optic White Platinum Express White and Tom’s of Maine toothpastes.
Strong sales of Colgate Sensitive Toothbrush + Built-In Sensitivity Relief Pen, Colgate 360° Enamel Health, Colgate 360° Optic White Platinum and Colgate Extra Clean manual toothbrushes contributed to volume growth in the quarter.
Successful products driving volume growth in the US in other categories include Colgate Total for Gum Health, Colgate Total Lasting White and Colgate Kids mouthwashes, Softsoap Fragrant Foaming Collection of liquid hand soaps, Softsoap Fresh & Glow body washes, Irish Spring Signature For Men body wash and bar soap and Suavitel Fragrance Pearls fabric conditioner.