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Post Earnings Coverage as Colgate-Palmolive's Adjusted Diluted EPS Increased 3%, Met Market Expectations
Upcoming AWS Coverage on Coty Post-Earnings Results LONDON, UK / ACCESSWIRE / February...
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[{"type":"text","content":"Post Earnings Coverage as Colgate-Palmolive's Adjusted Diluted EPS Increased 3%, Met Market ExpectationsUpcoming AWS Coverage on Coty Post-Earnings Results\n\nLONDON, UK / ACCESSWIRE / February 9, 2017 / Active Wall St. announces its post-earnings coverage on Colgate-Palmolive Co. (NYSE: CL). The Company posted its fourth quarter and fiscal year 2016 results on January 27, 2017. The toothpaste, soaps, and detergents maker reported a decline in sales, impacted by a global volume decline and adverse foreign exchange impact. Register with us now for your free membership at:\nhttp://www.activewallst.com/register/\nOne of Colgate-Palmolive's competitors within the Personal Products space, Coty Inc. (NYSE: COTY), announced on January 30, 2017, that it will release Q2 FY17 financial results before the open of the US equity markets on the morning of Thursday, February 09, 2017. AWS will be initiating a research report on Coty in the coming days.\nToday, AWS is promoting its earnings coverage on CL; touching on COTY. Get our free coverage by signing up to:\nhttp://www.activewallst.com/register/\nEarnings Reviewed\nFor the quarter ended on December 31, 2016, Colgate-Palmolive reported worldwide net sales of $3.72 billion, down 4.5% versus net sales of $3.90 billion. Net sales numbers also came in below analysts' expectations of $3.87 billion. The Company's Global unit volume decreased 5.5%, pricing increased 2.5%, and foreign exchange was negative 1.5% during the reported quarter. For FY16, Colgate-Palmolive reported worldwide net sales of $15.20 billion, down 5.0% versus FY15 net sales of $16.03 billion.\nColgate-Palmolive's gross profit margin was 60.4% in Q4 2016 versus 58.8% in Q4 2015. On an adjusted basis, the Company's gross profit margin was 60.8% in Q4 2016, an increase of 180 basis points versus the year ago same quarter. Colgate-Palmolive's operating profit margin was 25.7% in Q4 2016 versus (3.6) % in Q4 2015.\nFor Q4 2016, Colgate-Palmolive's net income and diluted earnings per share were $606 million and $0.68, respectively, compared to net loss and diluted loss per share in Q4 2015 of $(458) million and $(0.51), respectively. The Company's net income in Q4 2016 included $54 million, or $0.06 per diluted share, of after-tax charges resulting from the Company's Global Growth and Efficiency Program and an after-tax charge of $...