Colgate-Palmolive announced that its worldwide sales for the third quarter of 2010 (end-September 30) were $3.9 billion, down 1.5% from $4 billion in the third quarter of 2009.
Net income, however, was up 4.9%. The company reported net income of $619 million for the most recent third quarter, compared to $590 million for the same quarter a year ago. Much of this growth was driven by sales of the company's oral care products.
"Overall, we are very pleased with our solid results this quarter, despite aggressive competitive activity and difficult economic conditions around the world," said Ian Cook, chairman, president, and CEO, in a press release. "Colgate's global market shares in toothpaste and manual toothbrushes are both at record highs year to date. Colgate's share of the global toothpaste market strengthened to 44.2% year to date, led by share gains in Brazil, China, India, Venezuela, France, Greece, and the U.K."
Colgate also strengthened its global leadership in manual toothbrushes, he noted, with its global market share in that category reaching 31.5% year to date, up 1.6 share points versus year ago.
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