Colgate announces fourth-quarter results
NEW YORK — Colgate-Palmolive announced on Thursday that fourth-quarter worldwide sales rose 5%, as launches of the new Colgate Optic White and Colgate Sensitive Pro-Relief toothpastes helped strengthen the brand’s toothpaste market share in the United States.
Worldwide net sales for the quarter totaled $4.17 billion, up 5%, compared with the year-ago period. Organic sales grew 6%.
Net income during the quarter totaled $590 million, or $1.21 per diluted share, compared with net income of $624 million, or $1.24 per diluted share, in the fourth quarter 2010. Excluding certain items in both periods, net income in fourth quarter 2011 was $634 million, up 2% versus fourth quarter 2010, and diluted earnings per share in fourth quarter 2011 was $1.30, up 5% versus fourth quarter 2010.
In North America, sales rose 3.5% and organic sales also rose 3.5% during the quarter.
Operating profit in North America decreased 11% in fourth quarter 2011 to $192 million, or 25.4% of net sales.
The launch of Colgate Optic White and Colgate Sensitive Pro-Relief toothpastes and the relaunch of Colgate Total toothpaste helped strengthen Colgate’s position in toothpaste, with its share of that market reaching 35.9% year to date, up 0.6 share points versus a year ago.
The company noted that new launches hitting store shelves now include Speed Stick Power deodorants and Irish Spring Clear and Fresh Skin Body body wash.
Jack Black develops new Dry Erase face cream
DALLAS — Jack Black has introduced its newest star product, Dry Erase Ultra-Calming face cream, available in February at select retailers and online.
Dry Erase mimics the structure of natural skin lipids by locking in essential moisture and helping to repair and replenish skin’s natural protective barrier. The formula boosts the skin’s defenses by reducing redness, fine lines, flakiness and tightness, while also aggressively fighting signs of aging, the manufacturer stated.
Irritation from harsh weather of the winter months, daily shaving routines or anti-aging treatments is alleviated through an elixir of such ingredients as Hydromanil and vitamins C and E. Dry Erase promises to leave skin visibly more radiant and deeply hydrated.
Jack Black Dry Erase Ultra-Calming face cream retails for $38 (2.5 oz tube).
CARA B Naturally for babies, children hits Target stores
CHARLOTTE, N.C. — CARA B Natural Products, a maker of ethnic personal care products, has just launched its collection of all-natural skin and hair care products formulated especially for ethnic babies and children in Target stores across the country.
Introduced in 2009, CARA B Naturally is formulated specifically for ethnic children and is certified all-natural by the Natural Products Association. The line is made with all-natural, plant-based ingredients and is free of parabens, petrolatum, phthalates, sulfates, mineral oil, artificial fragrances and preservatives.
"We’re very excited to launch CARA B Naturally in Target stores," stated CEO Landra Booker Johnson. "This move actually represents another significant acceleration in our company’s retail strategy. This is what our customers have been asking for and we’re pleased to deliver as we partner with Target."
On Jan. 29, Target stores will roll out a promotion to support the CARA B Naturally launch; all products will retail at a promotional price for a limited time.
CARA B Naturally also will be available for purchase on Target.com and is expected to launch at a second national retailer come February.