Sales for oral and personal care player Colgate-Palmolive were up for the first quarter of 2011, but the company said increasing raw material costs were affecting profit margins.
Procter & Gamble announces steady gains for its third quarter sales ending in December, but profits are down on lower retail pricing and negative currency exchange rates.
Oral care provider Colgate-Palmolive has benefited from strong fourth quarter sales growth and positive foreign currency effects, leading it to report a substantial profit increase.
Robert McDonald is set to take over from A.G. Lafley as the new CEO of Procter & Gamble, according to a report in the Monday edition of The Wall Street Journal.