Colgate toothpaste sales fuel Q1 revenue growth

Colgate-Palmolive reported worldwide net sales of $4.2 billion in the first quarter of 2012 (end-March 31), an increase of 5% over net sales of $3.9 billion in the first quarter of 2011.

Net income in the first quarter was $633 million, up from $607 million in the first quarter of 2011.

Colgate's global market shares in toothpaste and manual toothbrushes are both at record highs year-to-date, according to Ian Cook, chairman, president and CEO. The company's share of the global toothpaste market strengthened to 45.2% year to date. Its leadership in manual toothbrushes also strengthened during the quarter, with Colgate's global market share in that category reaching 32.7% year to date, Cook noted.

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