Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Colgate Reports Strong Fourth Quarter - Beauty Packaging

What are you searching for?

Sign in
Beauty Industry

Colgate Reports Strong Fourth Quarter

Author Image

By: Jamie Matusow

Editor-in-Chief

Colgate-Palmolive Company reported a rise in worldwide sales and unit volume growth together with higher than expected earnings growth for fourth quarter 2007.  

Worldwide sales grew 13.5% to $3.6 billion and unit volume grew 5.0%, as reported.  Excluding divestments, worldwide sales and unit volume grew 14.0% and 5.5%, respectively.  Global pricing increased 2.0% and foreign exchange added 6.5%.  

According to the company, the very strong top-line growth was supported by a 14% increase in worldwide advertising spending. Fourth quarter 2007 results include $75.8 million of after-tax charges  related to the 2004 Restructuring Program.

In other news, Colgate’s Board of Directors authorized a new 30  
million share repurchase program.  The company plans to repurchase the shares of common stock over the next two years.  The shares may be repurchased in open-market or privately negotiated transactions.  As of Dec. 31, 2007, the company had approximately 509 million shares of common stock outstanding.

Add us as a preferred source on Google

Get the latest Beauty Packaging news, insights and analysis in your Google Search and AI experiences.

Add Beauty Packaging as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Beauty Packaging Newsletters