Unit volume down 6% at Colgate-Palmolive

• Colgate-Palmolive (NYSE:CL) reports revenue fell off 4.5% in Q4.
• Global unit volume was down 5.5%, offset in part by pricing that was 2.5% higher. Foreign exchange cut into sales by 1.5%.
• The company's gross margin rate improved 180 bps to 60.8% during the quarter as cost savings initiatives and higher pricing kicked in.
• SG&A expenses rose 40 bps to 32.9% of sales.
• Operating profit margin increased 190 bps to 27.9%.
• "As we look ahead, uncertainty in global markets and foreign exchange volatility remain challenging, which sees us redoubling our focus on profitable growth," says CEO Ian Cook.
• Previously: Colgate-Palmolive EPS in-line, misses on revenue (Jan. 27)
• CL -3.66% premarket to $65.74.