Cost Savings Are Allowing Colgate To Invest Back In Building Brands And Products
In the past several quarters, balancing the business mix between developed and emerging markets has helped Colgate-Palmolive to achieve above market growth and experience only a moderate impact on net sales from currency devaluations. The oral care giant is slated to release its results for the first quarter of the fiscal year on Friday. Analysts expect organic sales growth will be between 5% and 7%, in line with the company’s guidance for 2014. However, net sales growth should not be more than 5% due to currency headwinds in the emerging markets that offset organic sales.
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