Colgate-Palmolive (NYSE: CL) 2Q19 Results: Net Sales and Diluted EPS Decline

Executive Summary

• Colgate-Palmolive reported net sales of $3.87 billion, down 0.5% year over year for the three months ended June 30, 2019. Organic sales were up 4.0% year over year.
• The Africa/Eurasia segment saw strong organic sales growth, increasing 9.5% year over year. However, the Asia Pacific segment underperformed, with a 1.0% decrease in organic sales year over year.
• The Hill’s Pet Nutrition segment also saw strong organic sales growth, increasing 6.0% year over year.