Colgate Weathers US ‘Perfect Storm,' Grows 6% Worldwide In Q1

Colgate-Palmolive's North American business slipped 0.5% on category deceleration associated with stockpiling and costs from raw materials and inflation, the New York-based firm reported on 30 April. Premium innovations, advertising and price increases should improve the business in the back half of the year.

Quarterly resluts on typewriter close up

Colgate-Palmolive Co. expects innovation, increased pricing and strong advertising to help offset category declines, rising commodity costs and rising inflation that battered its US business in the fiscal 2021 first quarter.

The firm’s sales in North America slipped 0.5%, reported, or 1.5% organic, to $923m during the three-month period ended 31...

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