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Volume falls at Colgate-Palmolive in Q3

Oct. 27, 2016 7:18 AM ETColgate-Palmolive Company (CL) StockCLBy: Clark Schultz, SA News Editor
  • Colgate-Palmolive (NYSE:CL) reports global unit volume fell 4.0% in Q3.
  • Organic sales were up 4.5%, including an 8.0% gain in emerging markets.
  • Pricing was 3.0% higher during the quater. The impact of F/X lopped off -2.5%.
  • Market share in the global toothpaste category is now at 44.0% YTD.
  • "As we look ahead, macroeconomic conditions and foreign exchange volatility remain challenging," says CEO Ian Cook.
  • Colgate-Palmolive sees full-year sales falling at a low to mid single digit rate and flat EPS growth.
  • Previously: Colgate-Palmolive EPS in-line, misses on revenue (Oct. 27)
  • CL -1.67% premarket to $70.07.

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