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...Cook, who has led Colgate-Palmolive since 2007, will remain with the company as executive chairman for up to 12 months to assist with the transition....
...This is in contrast to rivals Kimberly-Clark, Johnson & Johnson and Reckitt Benckiser, which have all reported organic sales declines this quarter while those at Colgate-Palmolive were flat....
...The fruits of that plan were on show in Thursday’s earnings. Net income rose 13 per cent to $2.2bn as cuts helped boost operating profit margin by 280 basis points....
...While rivals such as Colgate-Palmolive and Unilever acknowledged that the shift to more commoditised consumer goods is here to stay, analysts say that P&G put its head in the sand believing it was a temporary...
...Colgate-Palmolive‘s results just surpassed expectations, with sales rising in Latin America by 17 per cent. Sales in North America slumped 3 per cent....
...Colgate-Palmolive and Kelloggs weighed on the S&P 500 Consumer Staples sector which fell 1.1 per cent. Shares in Colgate-Palmolive fell 6.8 per cent to $78.12....
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