By Dave Sebastian

Colgate-Palmolive Co. said its sales rose in the third quarter, though profit fell as raw-material and logistics costs rose.

The consumer-products company Friday posted net income attributable to the company of $634 million, compared with $698 million a year earlier. Earnings were 75 cents a share, compared with 81 cents a share in the prior year.

Adjusted earnings were 81 cents a share. Analysts polled by FactSet were expecting 80 cents a share.

Net sales rose to $4.41 billion from $4.15 billion, the company said. Analysts were looking for $4.4 billion.

Selling, general and administrative expenses rose to $1.64 billion from $1.52 billion, it said.

"We expect the difficult cost environment to continue for the next several quarters and we remain sharply focused on our funding the growth and revenue growth management initiatives, including additional pricing," said Noel Wallace, chairman, president and chief executive. "There is still much uncertainty stemming from the Covid-19 pandemic, supply-chain disruptions and volatility in consumer demand and currencies."

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

10-29-21 0727ET