By Adriano Marchese

 

Colgate-Palmolive Co. said Friday that profit rose in the second quarter, benefiting from a rise in revenue, but cost pressures are expected to continue into the second half of the year.

The consumer-products company said earnings per share were 83 cents, up from 74 cents a year earlier.

Net income was $703 million, compared with $635 million, it said.

On a base business basis--an adjusted metric--earnings were 80 cents a share, meeting consensus analyst expectations according to FactSet.

Net sales rose to $4.26 billion from $3.9 billion, while organic sales grew 5% in the quarter, driven by both volume growth and higher pricing, the company said.

The company said that it expects a difficult cost environment to continue in the latter half of the year, and that it remains focused on funding its growth and revenue growth management initiatives.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

July 30, 2021 07:49 ET (11:49 GMT)

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