1/31/2020, 1:01 PM (Source: TeleTrader)
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Colgate-Palmolive's net sales up 5.5% in Q4

Colgate-Palmolive Company reported on Friday its net sales for the fourth quarter of the fiscal year 2019 stood at $4.02 billion, marking a 5.5% increase from the same period a year earlier. Meanwhile, organic sales rose by 5%.

Earnings per share for the period jumped 7.2% to $0.75, while net income was $643 million. Colgate-Palmolive's Gross Profit Margin was 60.1% in the fourth quarter of 2019 versus 59.1% in the fourth quarter of 2018.

"Colgate’s leadership of the global toothpaste market continued during the quarter with our global market share at 41.1% year to date. Our global leadership in manual toothbrushes also continued with Colgate’s global market share in that category at 31.6% year to date," CEO Noel Wallace stated.

Colgate-Palmolive shares were up 3.14% in premarket trading after the results were released.

Baha Breaking News (BBN) / TF