06.03.19
Colgate-Palmolive’s first quarter sales fell 3% to $3.88 billion. Global unit volume increased 1.0%, pricing increased 2.0% and foreign exchange was negative 6.0%. Organic sales increased 3.0%. Despite the decline, CEO Noel Wallace put a positive spin on results.
“We are pleased with the improvement in organic sales growth this quarter and that the growth was broad based, with emerging markets and developed markets each growing 3.0%. We believe our plans to accelerate growth are beginning to pay off, as the stronger organic sales growth we delivered in the quarter had a better balance between pricing and volume growth than we saw in the fourth quarter of 2018,” said Wallace.
He noted that Colgate’s leadership of the global toothpaste market continued during the quarter with global market share at 41.7% through the end of Q1. Similarly, global leadership in manual toothbrushes also continued with Colgate’s global market share in that category at 31.6%.
“We are pleased with the improvement in organic sales growth this quarter and that the growth was broad based, with emerging markets and developed markets each growing 3.0%. We believe our plans to accelerate growth are beginning to pay off, as the stronger organic sales growth we delivered in the quarter had a better balance between pricing and volume growth than we saw in the fourth quarter of 2018,” said Wallace.
He noted that Colgate’s leadership of the global toothpaste market continued during the quarter with global market share at 41.7% through the end of Q1. Similarly, global leadership in manual toothbrushes also continued with Colgate’s global market share in that category at 31.6%.