North America Anchors Colgate As Currency Headwinds Continue Abroad
Innovation across categories helped make Colgate's North American business its star segment in the second quarter, rising 1.6% to $793m on strong oral care sales, while the firm’s international business remains impacted negatively by currency headwinds.
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Price increases in some regions were critical to earnings in Colgate's second quarter, and will continue to be executed at the expense of volume as needed, while oral-care product launches also are helping to offset negative currency effects, the firm reported July 30. With an oral-care business that is “one of the few remaining category killers,” Colgate should consider divesting its home-care and pet-product businesses, an analyst suggests.
Price increases in some regions are crucial to its earnings while Colgate also looks to oral care product launches as sales drivers. With an oral care business that is “one of the few remaining category killers,” the firm could create more value by divesting its home care and pet product businesses, an analyst says.