By Paulo Trevisani
Colgate-Palmolive Co. said Friday that currency exchange-rate moves boosted sales in the third quarter and is likely to be a positive factor for the full year.
The New York consumer-product company said it expects net sales to be up 4% to 7% this year, “including a low-single-digit benefit from foreign exchange.”
The company reported a 6.5% increase in third-quarter net sales from a year earlier, with foreign exchange contributing two percentage points.
Colgate said that “there is still much uncertainty stemming from the Covid-19 pandemic, supply chain disruptions and volatility in consumer demand and currencies.”
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(END) Dow Jones Newswires
October 29, 2021 09:35 ET (13:35 GMT)
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