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Tag: Palmolive

  • Colgate-Palmolive Sees Q3 Sales Surge: Higher Pricing Counters Volume Decline

    Colgate-Palmolive Sees Q3 Sales Surge: Higher Pricing Counters Volume Decline

    Despite a decline in volume, Colgate-Palmolive reports an increase in their third-quarter sales, attributing the growth to a rise in product pricing. The company’s net sales for the quarter that ended on September 30 increased by 2% to amount to $5.1 billion. The product pricing saw a hike of 2.3% during this quarter, which countered the volume decrease of 1.5%.

    Organic Sales and Private Label Pet Sales

    The organic sales saw a slight rise of 0.4%. This included a negative impact of 0.8% from a decrease in private label pet sales. The company had earlier exited this non-strategic business.

    CEO Noel Wallace highlighted that the sales growth was achieved despite the slowdown of category growth in numerous markets.

    Regional Sales Analysis

    A regional analysis shows a fall in net sales in North America by 0.4% and in Asia Pacific by 1.5%. However, there was an increase of 2% in Latin America, 7.6% in Europe, and 6.8% in Africa/Eurasia. The sales of Hill’s Pet Nutrition also showed a rise of 1.4%.

    Operating Profit and Net Income

    On the other hand, the operating profit fell by 1% to $1.059 billion, and the attributable net income also saw a decrease from $737 million in the previous year to $735 million.

    For the upcoming year, Colgate-Palmolive anticipates the net sales will remain in the low single digits. However, the company lowered its previous forecast for organic sales from 2-4% to now 1-2%.

    Company’s Future Strategy

    CEO Wallace stressed on their new 2030 strategy and the implementation of their previously announced Strategic Growth and Productivity Program. He believes that the company is well-positioned to stimulate growth despite the uncertainty in global markets and worldwide category growth. Wallace considers this 2030 strategy as their roadmap to adapt and overcome the challenges and seize the opportunities in this complex operating environment.

    Questions & Answers

    What was the percentage increase in Colgate-Palmolive’s third-quarter sales?
    The third-quarter sales of Colgate-Palmolive went up by 2%.

    What caused the drop in Colgate-Palmolive’s volume?
    The volume decrease of 1.5% was countered by a product pricing increment of 2.3%.

    What is Colgate-Palmolive’s forecast for their net sales and organic sales?
    Colgate-Palmolive expects the net sales to be in the lower single digits. However, the organic sales are forecasted to increase between 1 and 2%.

  • Colgate-Palmolive sees drop in sales over forex impact

    Colgate-Palmolive sees drop in sales over forex impact

    The Colgate-Palmolive Company has reported a 3.1 percent drop in net sales, from $5.065 billion in the first quarter of last year to $ 4.911 billion in the same period this year, due to a foreign exchange impact of 4.4 percent. 

    The company’s gross profit reduced from $3.039 billion in the first quarter of last year to $2.987 billion in the same quarter this year, with an increase of 0.8 per cent in its gross profit margin to 60.8 per cent. 

    The company’s operating profit increased to $1.076 billion in the first quarter of this year from $1.047 billion as compared to the same period last year, with its operating profit margin increasing to 21.9 per cent. 

    Colgate-Palmolive’s net income grew from $683 million in the first quarter of last year to $690 million in the same quarter this year. 

    Based on the current spot rate and an estimate of the impact of the tariff announcement, the organisation has projected earnings per share and net sales to increase by low single digits due to negative impacts from foreign exchange.

    “Our focus on building flexibility into our profit and loss statement enabled us to deliver year-over-year growth in operating profit, net income and earnings per share despite the volatile operating environment,” said Noel Wallace, chairman, president and CEO of Colgate-Palmolive Company. 

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  • Colgate-Palmolive teams up with Bluey to launch new range

    Colgate-Palmolive teams up with Bluey to launch new range

    Bluey has become the first ever Australian brand to feature on Colgate products, with BBC Studios and the global oral care company teaming up to launch a range of toothpaste and toothbrushes, available now.

    Bluey Manual Toothbrushes, Bluey Power toothbrushes, and Bluey Kids Toothpaste in recyclable tubes — featuring loveable characters, Bluey and Bingo, from Australia’s number one kids’ series — have started hitting shelves in Woolworths, Coles, Big W, Chemist Warehouse, ALDI (toothpaste only), and a range of independent retailers across Australia. The products will also be rolled out in New Zealand and Fiji.

    Anthony Crewes, Head of Marketing, Colgate Australia and NZ, said: “We are thrilled with our new partnership with Bluey. We can’t wait to help kids, and parents, make brush time negotiations easier with the help of Bluey and Bingo, and give everyone a reason to smile. We are sure this is the beginning of a strong friendship between Colgate and Bluey. “

    Kate O’Connor, Head of Brands and Licensing, BBC Studios ANZ, said: “We are always looking for ways to bring Bluey and Bingo to life in new, fun ways for our fans, and we’re so proud to be the first Aussie brand to partner with Colgate. We think it’s a wonderful match, as Bluey and Colgate have similar goals – to keep kids (and parents) smiling!

    Colgate joins an esteemed list of brand partner deals inked by BBC Studios’ ANZ team, including Bonds, Peter Alexander, Pauls Dairy, Smiggle, Wahu and Adairs.  

     

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  • Colgate-Palmolive keeps the Philippines smiling on its 90th year

    Colgate-Palmolive keeps the Philippines smiling on its 90th year

    2016 marks the 90th year of Colgate-Palmolive in the Philippines and with that, the various global brands that have helped improve the lives of Filipinos. These brands include: Colgate, Palmolive, Gard, Tender Care, Axion and Ajax.

    Colgate continues to be the Oral Care brand most recommended by Dentists* and Palmolive remains to be the #1 Personal Care brand, in the Philippines**.

    Keeping Philippines Smiling has been the mission of the company since it first opened its doors in 1926 at Binondo, Manila. For almost 20 years, Colgate-Palmolive has been driving oral health education in public schools across the country, together with the Department of Education thru the Colgate Bright Smiles Bright Futures Program. This program provides oral health education as well as oral care kits (toothbrush, toothpaste) to every first grade public student in the Philippines. In 2015 school-year alone, 2.3 Million students benefited from this program.

    The company is also the exclusive partner of the Philippine Dental Association since 2001 to raise oral health awareness during Oral Health Month. This February, we will offer free dental check-up and free fluoride treatment to 100 kids in 100 barangays. That’s 10,000 kids that will have healthier smiles at the end of the month.

    The team has also been working closely with Public Health agencies to further improve the reach of oral health education and fluoride treatment application, among communities that need this support the most.

    In addition, aspiring dentists have the opportunity to receive scholarship grants from Colgate-Palmolive and the Philippine Association of Dental Colleges. Our first scholar in the 1980s: Ma. Jona Godoy, DMD became Dean of CEU’s College of Dentistry and is an active officer representing the Philippines at the International Association for Dental Research (Southeast Asia Division) since 2000. Since the partnership was officially forged in 2001, Colgate-Palmolive and PADC have granted 248 scholarships.

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    Stephen Lau, Vice-President & General Manager for Colgate-Palmolive Philippines announces the company’s theme “Keep Philippines Smiling” for its 90th year.

    Stephen Lau, Vice President and General Manager for Colgate-Palmolive Philippines explains “Indeed, the company feels privileged to have this opportunity and capacity to make a meaningful impact to the community. At Colgate-Palmolive, we firmly believe that good oral health is a basic right of every citizen.”

    Management Teams of Colgate-Palmolive Philippines, Operation Smile Philippines and Puregold Price Club Inc. have joined forces to raise funds for oral cleft surgeries and dental check-up. This kicks-off a series of community service programs to commemorate Colgate- Palmolive’s 90th year in the country

    Management Teams of Colgate-Palmolive Philippines, Operation Smile Philippines and Puregold Price Club Inc. have joined forces to raise funds for oral cleft surgeries and dental check-up. This kicks-off a series of community service programs to commemorate Colgate-
    Palmolive’s 90th year in the country

    To Keep the Philippines Smiling even more in 2016, Colgate-Palmolive has teamed up with Operation Smile Philippines Foundation, Inc.. Operation Smile brings groups of medical volunteers from across the world to help indigent children afflicted with oral cleft. It is estimated that 1 in every 500 new-born babies in the Philippines has oral cleft. This life-changing surgery not only improves the child’s oral health but significantly boosts their confidence and self-esteem.

    Puregold is the retail partner for this endeavour to help raise funds for surgeries, dental check-up and fluoride treatment. When Puregold shoppers buy participating Colgate products from February 15 to April 17, the amount of Php5 from every product purchased will be donated to Operation Smile.

    To Kick-off the company’s 90th Year, a MOA was signed between Colgate-Palmolive Philippines and Operation Smile Philippines to bring brighter smiles to children with oral cleft. In the picture (L-R): Bobby Manzano (Country Director of Development for Operation Smile Phils), Edith Villanueva (Chairman Board of Trustees, Operation Smile Phils), Stephen Lau (Vice-President/General Manager, Colgate-Palmolive Phils) and Jennifer Peng (Finance Director, Colgate-Palmolive Phils)

    To Kick-off the company’s 90th Year, a MOA was signed between Colgate-Palmolive Philippines and Operation Smile Philippines to bring brighter smiles to children with oral cleft. In the picture (L-R): Bobby Manzano (Country Director of Development for Operation Smile Phils), Edith Villanueva (Chairman Board of Trustees, Operation Smile Phils), Stephen Lau (Vice-President/General Manager, Colgate-Palmolive Phils) and Jennifer Peng (Finance Director, Colgate-Palmolive Phils)

    “This collaboration with Operation Smile is only one of several activities that Colgate-Palmolive Philippines will implement on its 90th year. We have allocated significant resources for this year-long campaign of giving back to the Filipinos. I am proud to see that the entire organization is extremely dedicated towards Keeping the Philippines Smiling more each day”, declares Stephen Lau.