Colgate Reports Third Quarter Results

NEW YORK — Colgate-Palmolive Company — leading maker of toothpaste and soaps — reported worldwide sales of $3.867 billion in third quarter 2016, a decrease of 3.5% from last year.

Global unit volume decreased 4.0%, pricing increased 3.0% and foreign exchange was negative 2.5%.

Net income for the third quarter was $702 million.

U.S. sales made up 21% of company revenue.

“Colgate’s leadership of the global toothpaste market continued during the quarter with its global market share now at 44.0% year-to-date,” said Colgate CEO Ian Cook. “Our global leadership in manual toothbrushes also continued with Colgate’s global market share in that category now at 33.2% year-to-date.”

In the U.S., the company says new product launches are contributing to volume growth. Market share gains year-to-date were seen in toothpaste, manual toothbrushes, mouthwash, liquid hand soap, body wash, liquid cleaners and fabric conditioners. Colgate’s share of the toothpaste market strengthened to 35.7% year-to-date, up 0.3 share points versus the year ago period, driven by strong sales of Colgate Total Daily Repair, Colgate Optic White Platinum High Impact White, Colgate Sensitive Smart White and Tom’s of Maine Rapid Relief Sensitive toothpastes. In manual toothbrushes, Colgate strengthened its brand market leadership in the U.S. with its market share in that category at 41.9% year-to-date, up 0.5 share points versus the year ago period. Strong sales of Colgate 360° Enamel Health Sensitive, Colgate 360° Optic White Platinum and Colgate Total 360° 4 Zone manual toothbrushes contributed to volume growth in the quarter.

Successful new products driving volume growth in the U.S. in other categories include Colgate Total Daily Repair and Colgate Kids mouthwashes, Colgate Total 360° Whole Mouth Clean battery toothbrush, Softsoap Pure foaming hand soap, Softsoap Luminous Oils and Irish Spring Signature For Men body washes and Palmolive Fusion Clean dish liquid.