Solid brand intangible assets and a cost edge should enable Colgate to weather recent headwinds.
Unfavorable foreign exchange and slowing category growth took a toll on Colgate’s fourth-quarter sales, up just 1.5% on an organic basis; this overshadowed continued profit improvement, as adjusted gross margins soared 180 basis points to 60.8% and adjusted operating margins jumped 190 basis points to 27.9%. Despite the sequential step down in the top line from the 4.5% underlying gains chalked up in the third quarter, we haven’t wavered from our stance that Colgate’s leading brand mix, entrench...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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