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Steady volume gains at Colgate-Palmolive

Jul. 30, 2015 8:05 AM ETColgate-Palmolive Company (CL) StockBy: Clark Schultz, SA News Editor1 Comment
  • Organic sales rose 5.5% at Colgate-Palmolive (NYSE:CL) in Q2.
  • Global volume was up 3.0%, while pricing increased 2.5%.
  • F/X swings had a whopping negative twelve percentage point impact on top-line growth.
  • Gross margin rate -50 bps to 58.3% due in part to higher packaging costs.
  • Operating profit margin +30 bps to 24.6%.
  • SG&A expense rate -60 bps to 34.0%.
  • North American sales +1.5% off of a 3% rise in volume.
  • On the product front, Colgate's global toothpaste market share increased 50 bps to 45.0%.
  • CL -0.1% premarket.

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