11/1/2019, 11:57 AM (Source: TeleTrader)
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Colgate-Palmolive's net sales up 2% to $3.9B in Q3

Colgate-Palmolive Company reported on Friday its net sales for the third quarter of the fiscal year 2019 stood at $3.9 billion, marking a 2% increase from the same period a year earlier. Meanwhile, organic sales rose by 4.5%.

Earnings per share for the period jumped 11% year on year to $0.67, while net income was up 10% to $578 million. Adjusted EPS stood at $0.71, down 1% year on year, and adjusted net income declined 2% to $614 million. Colgate-Palmolive's Gross Profit Margin amounted to 59%, unchanged from the same quarter last year.

"We are pleased that our growth continued to accelerate this quarter, having achieved sequential improvement in organic sales growth for the fourth consecutive quarter. The strong 4.5% growth was again driven by both positive volume and higher pricing," CEO Noel Wallace stated.

Colgate-Palmolive shares were up 0.22% in premarket trading after the results were released.

Baha Breaking News (BBN) / NP