Colgate-Palmolive Co

CL: XNYS (USA)
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Colgate Earnings: Prudent Long-Term Investments Should Continue to Buoy Profitable Sales Growth

Colgate's organic sales edged up 1.8% in the second quarter (driven by 2% higher prices). While a marked step-down from its recent mid- to high-single-digit cadence of top-line growth, the firm was lapping 9% gains in the year-ago period. Adjusted gross margin retreated 70 basis points to 60.1%.

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