Colgate-Palmolive sees boost in sales
NEW YORK — Colgate-Palmolive announced on Thursday that worldwide net sales rose 4.5% during the first quarter as net income and diluted earnings per share totaled $576 million and $1.16, respectively.
Worldwide net sales totaled about $4 billion during the first quarter, an increase of 4.5% compared with the year-ago period. Organic sales grew 1.5%.
"We are pleased to have met earnings expectations this quarter despite very sharp increases in material costs and an intense competitive environment globally," stated Ian Cook, chairman, president and CEO. "Colgate’s global market shares in toothpastes and manual toothbrushes are both at record highs year-to-date. Colgate’s share of the global toothpaste market strengthened to 44.7% year-to-date, up 0.6 share points versus [a] year ago. Our global leadership in manual toothbrushes also strengthened during the quarter, with Colgate’s global market share in that category reaching 32.4% year-to-date, up one share point versus [a] year ago."
In North America, which accounts for 18% of company sales, net sales declined 4.5% in the first quarter, and organic sales declined 5%.
In the United States, new product launches, including Colgate Sensitive Multi-Protection and Colgate Max Clean SmartFoam toothpastes, and the relaunch of Colgate Total toothpaste are strengthening Colgate’s leadership in toothpaste, the company stated. Its share of that market has reached 35.9% year-to-date, up 0.3 share points versus the year-ago period.
New products launched late in the first quarter and reaching store shelves now include Colgate Total Gum Defense toothpaste, Softsoap Body Butter Strawberry Smoother body wash and a new line of Irish Spring deodorants and antiperspirants.
Personal Care Products Council, American Cleaning Institute launch FightGermsNow.com
WASHINGTON — The Personal Care Products Council and the American Cleaning Institute have teamed up to launch a new website, FightGermsNow.com, to provide consumers, researchers and regulators information on antibacterial soaps and ingredients.
"We are proud to launch FightGermsNow.com as a reliable, fact-based resource on antibacterial soaps and ingredients," said Brian Sansoni, ACI VP communication. "This site contains information on the science behind the safety and effectiveness of these products that are used by millions of Americans every single day."
"Surveys show that a majority of Americans use and benefit from antibacterial soaps on a daily basis, whether it’s in homes, hospitals, restaurants, day care centers or workplaces," added Kathleen Dezio, EVP public affairs and communications for the Personal Care Products Council. "This support remains strong even in the face of a relentless flow of misinformation about these products over the last several years."
FightGermsNow.com contains fact sheets on antibacterial soaps and ingredients, information on how these products are regulated, a summary of research and data showcasing their safe and effective use, and news updates and links to relevant articles concerning antibacterial soaps and ingredients.
P&G’s beauty, grooming segments see growth
CINCINNATI — Procter & Gamble announced on Thursday that its beauty and grooming segments posted single-digit increases in net sales during the third quarter.
Beauty net sales rose 5% to $4.9 billion, on 5% volume growth. Organic volume, which excludes the net impact of Zest and minor fragrance divestitures, increased 6%, and organic sales grew 4%. The company noted that volume growth was driven by double-digit growth in developing regions, while volume in developed regions was flat.
Net earnings in the beauty segment decreased 3% to $547 million as lower operating margin more than offset the impact of sales growth.
In grooming, net sales rose 8% to $1.9 billion on a 2% increase in volume. Organic sales were up 7%. Price increases did add 5% to net sales growth behind blades and razors, and lower promotional activity in Latin America and across the developed regions.
Net earnings in the grooming segment increased 1% to $379 million driven by net sales growth and operating margin expansion, partially offset by a higher effective tax rate.
Net sales for the company rose 5% to $20.2 billion on 5% unit volume growth. Organic sales grew 4%. Diluted earnings per share from continuing operations were 96 cents, up 16% compared with the year-ago period.
"The growth fundamentals of our business are strong," stated Bob McDonald, P&G chairman, president and CEO. "We delivered broad-based volume, sales and market share growth, and grew EPS in a very difficult operating environment. We increased our dividend for the 55th consecutive year by 9%. We continue to advance our purpose-inspired growth strategy of improving the lives of more consumers in more parts of the world, more completely."