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Stock impact report

Colgate-Palmolive lower post Q2 results [Seeking Alpha]

Colgate-Palmolive Company (CL) 
Last colgate-palmolive company earnings: 5/1 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.colgatepalmolive.com
Company Research Source: Seeking Alpha
Colgate-Palmolive (NYSE: CL ) reports global unit volume declined 1% in Q2 . Organic sales were even Y/Y. North America net sales dropped 3.7% to $764M. Latin America net sales rose 6.8% to 1B. Gross margin rate improved 50 bps to 60.7%, driven by cost savings from the Company’s funding-the-growth initiatives and the 2012 Restructuring Program, and higher pricing SG&A expenses +40 bps to 34.4% of sales. Operating profit margin decreased 10 bps to 26%. “As we look ahead, uncertainty in global markets and slowing category growth worldwide remain challenging. Based on current spot rates, we continue to expect a low-single-digit net sales increase for 2017, and given our slower than expected first half, we are now planning for low-single-digit organic sales growth for 2017." says CEO Ian Cook. CL   premarket. Now read: 2 Holdings For Those Who Are Afraid Of The Next Bear Market » Show less Read more
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