COLGATE-PALMOLIVE BUMPS UP ANNUAL SALES AND PROFIT FORECASTS ON STRONG PRICING

Colgate-Palmolive (CL.N) raised annual organic sales and profit forecasts on Friday, banking on price hikes and resilient demand for its self-care and pet nutrition products. The company, like several other consumer goods makers, has consistently increased product prices to fight steep costs of raw materials and packaging, and wage pressures.

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