Late last week the CPG company announced quarterly earnings, and by CEO David Taylor’s own assessment, “delivered good results…in a difficult operating environment.”
Colgate-Palmolive has reported its fourth consecutive quarter of falling revenues as it continues to battle a strong US dollar against international currencies.
Colgate-Palmolive joined a long list of cosmetic and personal care companies to report that currency headwinds are impacting its results, but the underlying results show a more positive story.
Procter & Gamble posted its fifth successive quarter of falling revenues, after its third quarter results were heavily impacted by currency translations.
Fragrance and flavours ingredients provider has published full year 2013 results showing strong gains in organic sales worldwide, together with a rise in net income of nearly 20%.
Although Kimberly-Clark’s Q4 personal care and group sales were level with last year, the results beat market expectations, while net income showed big gains.
Procter & Gamble reported mixed results for its second quarter with net sales remaining unchanged, a result boosted by emerging markets, but negatively impacted by foreign currency and slow beauty sales in developed markets.
Consumer goods giant Procter & Gamble expects to return to organic sales growth by the end of the year after reporting two quarters of organic sales declines.
