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Church & Dwight (CHD) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.92 per share a year ago.
Church & Dwight said on Friday it expects full-year sales and profit at the lower end of its previous forecast due to consumer hesitancy on spending for its higher-priced household and personal care products.
EWING, N.J.--(BUSINESS WIRE)--Church & Dwight Co., Inc. (NYSE: CHD) today announced the Company exceeded its outlook with stronger than expected sales growth and gross margin expansion. In the second quarter, net sales grew 3.9% to $1,511.2 million. The Company drove strong consumer demand across its portfolio in Q2. Organic sales grew 4.7% driven by volume of 3.5% and positive product mix and pricing of 1.2%. Reported gross margin expanded by 320 basis points, and reported EPS was $0.99, a.
Church & Dwight's (CHD) robust portfolio built through innovation, new products, and acquisitions positions it well for Q2 earnings amid escalated marketing expenses and inflationary headwinds.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Church & Dwight (CHD), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Church & Dwight (CHD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Church & Dwight (CHD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Here is how Church & Dwight (CHD) and Vita Coco Company, Inc. (COCO) have performed compared to their sector so far this year.