Colgate-Palmolive reports EPS in-line, beats on revs (77.31)
- Reports Q4 (Dec) earnings of $0.75 per share, in-line with the Capital IQ Consensus of $0.75; revenues rose 7.0% year/year to $3.98 bln vs the $3.92 bln Capital IQ Consensus.
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Global unit volume increased 3.0%, pricing decreased 1.0% and foreign exchange was positive 2.5%. Organic sales (Net sales excluding the impact of foreign exchange, acquisitions and divestments) increased 2.0%.
- Gross profit margin was 59.8% in fourth quarter 2017 versus 60.4% in fourth quarter 2016. Excluding charges resulting from the Global Growth and Efficiency Program in both periods, Gross profit margin was 60.4% in fourth quarter 2017, a decrease of 40 basis points versus the year ago quarter, as higher raw and packaging material costs and lower pricing were partially offset by cost savings from the Company's funding-the-growth initiatives.