Colgate-Palmolive Reports Rise in 1st-Quarter SalesMay 2, 2022
Colgate-Palmolive Co. has reported first-quarter net sales of US$4.39 billion, an increase of 6% year-over-year.
Colgate-Palmolive reported first-quarter operating profit of $923 million, or $0.67 per share, a dip of 14% from the same period last year. In North America, Colgate-Palmolive’s net sales dropped 19% while its European division saw a 17 decline%. The company’s Asia-Pacific segment saw sales slip 8% and its Latin America division posted a 3% decrease. Colgate-Palmolive attributed the declines to higher raw and packaging material costs and increased overhead expenses
Founded in 1806, Colgate-Palmolive is a New York-based manufacturer and distributor of household, health care, and personal products. For more information, visit www.colgatepalmolive.com.