Colgate-Palmolive calls business conditions around the world 'challenging' Says regardless of the "challenging" environment, the company feels confident that it can prevail over those obstacles. Says recovery in developed markets is "muted." Believes that the company will endure gross margin expansion over the long-term. Comments made during the company's Q3 earnings conference call.
Colgate-Palmolive reports Q3 North America net sales increased 2% Reports Q3 Latin America net sales decreased 4.5%. Reports Q3 Europe,South Pacific net sales increased 0.5%. Reports Q3 Asia net sales increased 1.0%. Reports Q3 Africa/Eurasia net sales decreased 3.5%. Hillís Net sales increased 4.0% during Q3.