Colgate-Palmolive Co

CL: XNYS (USA)
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Colgate Earnings: Despite a Halt in Sales Growth, Brand Prowess Persists; Shares a Bargain

Organic sales growth languished in Colgate's third quarter, up 0.4%, a byproduct of lower volume (down 1.9%). Higher raw material and packaging costs, cost deleverage on depressed volumes, tariffs, and inventory write-downs resulted in a 190-basis-point decline in the adjusted gross margin to 59.4%.

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