Consumer companies rallied as strong earnings from Amazon.com offset warnings from consumer-staple firms.
Newell Brands plunged after the maker of Sharpies and other consumer staples warned that price hikes drew resistance from consumers in the third quarter, pushing sales lower and causing the company to cut its full-year outlook.
Toiletry giant Colgate-Palmolive said inflation, trade uncertainty and consumer wariness continued to weigh on sales and profit across the consumer-goods sector.
Colgate-Palmolive Company is one of the worldwide leaders in the manufacturing and marketing of cleaning and hygiene products. The group also products and sells pet food (dogs and cats). Net sales break down by family of products as follows:
- hygiene and cleaning products (77.7%): oral hygiene (toothpaste, toothbrushes, mouthwashes, etc.; Colgate brand), body care (soaps, shower gels, shampoos, conditioners, deodorants, shaving products, etc.; Palmolive, Speed Stick, Softsoap, etc.), household care, and linen care (dishwashing liquids, detergents, stain removers, fabric softeners, bleach, etc.; Palmolive, Ajax, Soupline, Suavitel, etc.). Net sales are distributed geographically as follows: North America (26.3%), Latin America (30.6%), Asia/Pacific (18.3%), Europe (17.8%), Africa and Eurasia (7%);
- cat and dog foods (22.3%; Hill's): world leader.
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Investor
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Global
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