Despite sharply rising energy costs, we expect our gross profit margin, before restructuring charges, to be up nicely for the year as a result of our ongoing cost-savings initiatives, improved pricing, restructuring and promotional savings.
More Quotes from Reuben Mark:
This sale is part of Colgate's ongoing strategy to de-emphasize and eliminate low-margin portions of the business while focusing on our high-margin, fast-growing oral, personal and pet care businesses.Reuben Mark
All operating and financial ratios by which we measure profitability and momentum improved versus the year-ago quarter,
Reuben Mark
We are pleased that our strong top-line momentum continued this quarter across all operating divisions and on top of the outstanding growth achieved in the year ago period. We are especially encouraged that global pricing was positive for the first time in two years, despite difficult cost and competitive environments.
Reuben Mark
The excellent 1 improvement in gross profit margin excluding restructuring charges during the quarter exceeded our expectations, and was the largest quarterly gross profit increase we have seen in three years.
Reuben Mark
With weak economic conditions around the world, this was a strong finish to a strong year, ... The combination of sharply higher gross margin and excellent overhead control allowed us to provide a healthy increase in total marketing spending worldwide while also meeting our profit expectations.
Reuben Mark
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