Thanks Shannon.
to call. fourth welcome earnings and and conference release morning our quarter XXXX year-end Good
John Chief is This Faucher, Investor Relations Officer.
will Today’s call include statements. conference forward-looking
Actual could differ from statements. results materially these
most statements. cause our XXXX the a these report the materially release earnings filings, Please subsequent XX-K discussion actual factors annual differ with Colgate’s all from refer including and of available on to on our results SEC, to the recent and press could SEC Form that filings for website,
This also identified non-GAAP tables the will conference measures, X financial release. press of of call discussion a include X including in those earnings and
A the the earnings corresponding on to full and release financial is available reconciliation measures in press Colgate’s is included website. GAAP
Chairman, Financial Chief Sutulla, sustain guidance over and our Joining momentum for and Stan before I Officer, Officer. full-year to President as it growth and we are on call me performance Noel on the our XXXX. Chief Executive XXXX into planning turning our provide this his how will commentary morning well QX thoughts on Noel as Wallace, to and
it open up Q&A. then will We for
ask usual, question. that you limit to that as yourself As many people we possible get one question as to request so a
depths welcome to our highest XXXX annual you further you our the over years and the quarterly crisis. in of XX the questions, financial If very organic queue. organic We of have growth finished strong level re-enter are in highest with fashion sales since growth sales
strong we is Importantly, to we the key growth continued performance. to sustainable balanced think deliver which
personal every markets with in categories growth both organic the and and quarter and the delivered well. markets all - care, and pricing division of in pet care, growth and performing sales nutrition, both four emerging For home organic our both developed volume oral care, we growth, year,
results more impactful still show. beginning we stages, early but deliver in believe to is innovation its are premium the to strategy Our
the expansion headwinds and statement. quarter for despite Importantly, investments delivered growth us exchange. to deliver margin profitable foreign gross growth income strong and both the year this growth from which is the significant We future driving allowed for our
sales X% exchange of net growth and XXX organic basis Organic quarter. added where the was in impact basis to fourth was were In on a basis The X% the points. an growth and our driven growth points by quarter, was year, where profit headwind. up points basis a were year additional while XXX foreign GAAP Our in we a XX of X.X% base pricing. gross grew acquisitions X.X% increase over business basis, up a X.X% volume sales margin both XX.X% volume
For the XXX increases year. sales fourth was in basis. activation brand basis headwind business a the quarter, fourth the basis was of impact we by pricing raw were materials, a the XXX a the fourth up our SG&A basis, a point as advertising XXX basis quarter primarily drove to points quarter in sales points and On full sales for the on for of increase strong driven base XXX This was basis and ecommerce. point building, basis SG&A on cost innovation up by benefit. points a Productivity foreign exchange. basis XXX margin from points favorable oils, as was gross materials a raw point in percent a transactional of basis was our like On pulling XXX basis, to and while driven XXX GAAP percent
U.S. increased in in logistics costs investments also Our the and and growth primarily SG&A impacted ratio by was behind innovation.
costs. driven XXX year sales basis SG&A ratio the on points and was a increase up XXX basis, increased For business basis point a to by base in primarily our full advertising logistics
X% our basis. on a was year-over-year base operating was profit quarter basis, it fourth business the on while For up up a GAAP X%
on a on EPS flat X% a basis GAAP Our and business up was basis. base
was growth in on full EPS base year. For and XX% cash the XX% business free delivered GAAP full growth for on year, basis basis. flow a our a We X% the
beginning the used the balance share the debt the at we repurchases. used transaction for discussed with Filorga we down dividends of related some flow XXXX, As primarily of to to free North pandemic. pay few and by A on delivered innovation net the America consumption in sales increased impacted and X.X% comments by categories organic XX% and quarter our the divisional performance. growth driven sales premium in COVID cash
in benefited a health skin quarter. performance businesses We in from the by our also rebound
across in and teeth Tartar more America White increases year. the whitening the sales by with Our been sales significant year’s overnight ecommerce Colgate organic we Hum Total delivered Luminous as quarter business, negative than Latin our growth. the electric double-digit digits driving on last care, and our growth growth performance Pacific. sales and across America behind single Colgate X.X% The channel. Oral growth than by by oral China strongly exchange. building volume sales all digital. significant the by business North segments: were a foreign than in net Colgate quarter for anti-cavity performance of as growth improved volume Natural and weakness growth Strong and Greater delivered Asia-Pacific division. saw and America volume traditional are the across encouraged hub. Colgate driving also Organic brand Miracle double Colgate year in sales. in the China, offset South the sales line growth biggest elmex India in accompanied down finished toothpaste and more in in sales net by Control, travel return every organic Spring. by India, the China, growth double-digit and care quarter. was Philippines, Vedshakti through North brands was India, toothpaste personal the re-launched and more growth with In led has care, was fourth X% Repair support a strategies Colgate low where our three impact sales strong growth growth pen, Irish hubs: media were in brush, to organic growth Charcoal, key growth Optic retail offset hub organic our in for sales We net We investment innovation Filorga organic care, brand sales strong home delivered and the care business Extracts the every driver incremental broad-based Colgate driven X% both oral was all of and growth in the our White China, Europe in
Africa businesses headwinds X.X% from care personal foreign sales and the a as demand home delivered declined COVID-related benefited Our region. due net Pacific to care exchange South significant division in Eurasia the also Colgate by all strong every Meridol across in Fresh, categories organic Toothpaste growth Europe Colgate business organic Colgate Total. net delivered gain Max as and we up finished channel. and are channel Herbal, despite delivered sales sales but hub. comparisons. sales growth also growth look Encouragingly, was seeing the to prescription three share by quarter led the in Organic diet and ecommerce growth growth. was sales Hill’s another U.S. double-digit organic in as continued year vet with also with we again growth sales re-acceleration our to significantly, traffic difficult of continues pharmacy led strong the improve.
guidance. for Now
the we exchange Using to benefit although X% within sales rates, to organic expect to expect foreign spot target be We our expect for current long volatile. be currencies remain year, X% to range. low a we term growth single-digit
X%. We expect net X% sales up to to be
increases difficult XXXX. less associated basis, given comparisons to also raw in XXXX the so gross our than our a on although XXXX, materials, margin despite up continuing be Advertising percent COVID. in expected profit year-over-year be in of in is expect to with performance We and uncertainty up sales
base the basis, single out we prudent to wider growth high expect be wider we be could recent a a out within share per administration. to GAAP what and earnings expected impact business is as between this corporate fall think digits. XX.X% what the we normally rates both a We expect we tax rate any year. in On growth which the this our given consider does in several in tax is account is point for we that basis, range guidance are on Obviously On a not of that given we GAAP range plan single to level per mid changes low Our uncertainty XX.X% in to provide, There basis. heightened range. we change the earnings share than business to where factors U.S. base a digits. mid
liquid First, In consumption. COVID-related soap, dish expecting even risen primarily declines and depending during hand categories soap lower cleaners, the we are pandemic, year-over-year XXXX, the on where growth consumption has or the market. in of rates
particularly remain versus ability elevated in However, Also, foreign levels. emerging in pricing. overall XXXX impact our we exchange categories markets, could to movements in expect take these to consumption
depending for budgeted environment, believe raw We we material are they plans accelerating If exchange. but could on trends, Raw or - we productivity. take our have prices this materials continues, raw about drive do appropriate XXXX for margin our are pricing many costs, anticipated. raw material recent material highlight are given expansion ability competitive and additional optimistic than foreign on it and the to that pressure pricing faster increased gross
logistics - the but the past a in further Finally, particularly seen costs in shipping U.S. rise to quarters, over logistics relate in have few we also containers Asia.
to Noel. these later With in over in to near turn expect to term year. but the costs that, the moderate remain I’ll We elevated it
