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Global momentum boosts Colgate’s Q2 results
NEW YORK — Colgate-Palmolive saw a boost in second-quarter net sales as its global market share in toothpaste and manual toothbrushes hit record highs year-to-date.
Net sales for the quarter totaled $4.35 billion, up 2% compared with the year-ago period.
Net income, which included charges related to its restructuring program, totaled $561 million, or 60 cents per diluted share, for the quarter. This compares with net income of $627 million, or 65 cents per diluted share, in the year-ago period.
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Starbucks entering yogurt business in deal with Dannon
Seattle -- Starbucks Coffee Company is entering the yogurt business. The company announced it has entered into a strategic agreement with the makers of Dannon to offer a jointly created and developed selection of specialty yogurt products in participating Starbucks stores and in grocery channels.
