Subscribe Login
A-Brands

Colgate-Palmolive Q1 Sales Just Meet Expectations

Colgate-Palmolive Co's quarterly sales just met analysts' estimates on Friday as demand in emerging markets including Latin America was below its expectations, sending its shares down 3% in premarket trading.

Growth in organic sales slowed in the first quarter from the previous quarter, even as the company spent more on advertising and cut prices to spur demand.

"The first quarter was a challenging one as category growth remained soft in many markets around the world," CEO Ian Cook said in a statement.

The company said organic sales increased 1.5% due to flat unit volume growth in emerging markets.

Net sales rose 6.4% to $4 billion, compared with the average analyst estimate of $4.02 billion, according to Thomson Reuters.

Net income rose to $634 million, or 72 cents per share, in the first quarter ended March 31, from $570 million, or 64 cents per share, a year earlier.

Excluding certain items, the company earned 74 cents per share. Analysts on average had expected 72 cents.

News by Reuters, edited by Checkout. Click subscribe to sign up for the Checkout print edition.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Enjoy full access to Checkout Magazine, our weekly email news digest, access to all website and app content, and the latest digital magazine for a full 30 days.
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Enjoy full access to Checkout Magazine, our weekly email news digest, access to all website and app content, and the latest digital magazine for a full 30 days.
Enjoy unlimited digital access for 30 days