Colgate brushes up on cost savings to ensure its competitive edge doesn't waver.
Wide-moat Colgate’s first-quarter results prove the intense competitive and inflationary pressures weighing on consumer product manufacturers. For one, while favorable foreign currency inflated reported sales (to the tune of 450 basis points), the 1.5% organic increase (driven by higher volumes) materially lags the firm’s 3%-5% long-term target. In addition, elevated commodity and transportation costs took a toll on the firm’s profits, as adjusted gross margins compressed 40 basis points to 60.3...Colgate-Palmolive manufactures and markets a variety of products in the United States and around the world. The company has two product segments: Oral, Personal and Home Care; and Pet Nutrition. Oral, Personal and Home Care products include toothpaste, toothbrushes and mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin care products, dishwashing detergents, fabric conditioners, household cleaners, and other similar items. Pet Nutrition products include specialty pet nutrition products manufactured and marketed by Hill's Pet Nutrition.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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