Colgate Posts 5% Growth In North America, But Remains Cautious
This article was originally published in The Rose Sheet
Executive Summary
Colgate’s net sales for North America reach $755 million in its first quarter as organic sales grow 5.5% and operating profit decreases 5% to $183 million due to higher raw material costs.
You may also be interested in...
P&G Promises Greater Innovation In Personal Care After Lackluster Q3
Recent struggles cause Procter & Gamble to knock down its full-year earnings-per-share guidance. Questioned by analysts, CEO Bob McDonald accepts blame and promises that P&G “will deliver.” The firm’s U.S. grooming and oral-care businesses have taken hits due to “unprecedented” promotional spending by competitors, according to company leadership.
Colgate "Unafraid" To Hike Prices To Offset Rising Costs
Colgate-Palmolive plans to raise prices on products across its portfolio and in all its regions to offset rising commodity costs.
IFF Narrows Focus To Fragrance, Health, Food
International Flavors & Fragrances agrees to sell its Pharma Solutions business to plant-based ingredients company Roquette for an enterprise value of $2.85bn to reduce debt and streamline its business to three segments, including scents.