Colgate-Palmolive 3Q Profit, Revenue Rise
01 November 2019 - 10:38PM
Dow Jones News
By Patrick Thomas
Colgate-Palmolive Co. (CL) said its third-quarter profit rose as
sales increased about 2% from a year earlier, helped by higher
volumes and prices.
The maker of Colgate toothpaste, Palmolive dish soap and Lady
Speed Stick deodorant reported a profit of $578 million, or 67
cents a share, compared with $523 million, or 60 cents a share, a
year ago.
Excluding one-time costs, the company reported an adjusted
profit of 71 cents a share. Analysts polled by FactSet were
expecting earnings of 70 cents a share.
Net sales rose to $3.93 billion from $3.85 billion a year
earlier. Analysts had expected $3.95 billion of revenue in the
quarter.
Global unit volume increased 3%, pricing increased 1.5% and
organic sales, which excludes divestments and currency
fluctuations, increased 4.5%. North America net sales increased
1.5% during the quarter.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
November 01, 2019 07:23 ET (11:23 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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