Pricing, Oral Care Sales Anchor Colgate In Currency Storm
This article was originally published in The Tan Sheet
Executive Summary
Colgate reports 6% organic sales and 11.3% net income growth in its latest quarter, surprising analysts who anticipated bleaker results from foreign exchange impact. The firm, however, cut its full- year growth forecast from mid- to high-single digits to low-single digits.
You may also be interested in...
Bayer Consumer Health Recovery Rides Allergy, Dermatology Brand Sales
Q4 sales in OTC allergy/cold segment, which includes the Claritin allergy and Afrin nasal congestion lines, grew 5% adjusted while dermatology sector with Bepanthen and Canesten skin care brands grew 3.8%. Adjusted for the impact of foreign exchange and portfolio changes, thouhg, consumer unit’s full-year sales were flat.
UK Sunscreen Claims On ‘Negligible’ Difference In SPF Strengths Don't Add Up
Advertising Standards Authority says Green People Co. misled consumers with claims SPF 30 formulas filter out only 1% less UVB rays than SPF 50, trying to draw a negligible difference between the formulas. The claims appeared in a direct mailer and on the brand’s website in July 2019.
Colgate Offers 'Anti-Aging' Toothpaste In China, Ready For 'Prolonged' Coronavirus
Colgate expects a ‘modest negative impact’ from the coronavirus on its first quarter results, but it made contingency plans for longer-term impact. In a presentation at the CAGNY conference, CEO Noel Wallace discussed a new anti-aging toothpaste in China and the latest iteration of Colgate Optic White in the US.
Existing Subscriber?
Sign in to continue reading.
Need a specific report? 1000+ reports available
Buy Reports
Need a specific report? 1000+ reports available
Buy Reports
New to Pink Sheet?
Start a free trial today!
Register for our free email digests:
Register for our free email digests: