Church & Dwight Beats Earnings and Raises Guidance

Church & Dwight (CHD) reported very good earnings this morning. The household products company made 77 cents per share for its fiscal Q2. That beat the Street by 14 cents per share. Quarterly sales grew by 10.6% to $1,194.3 million.

C&D now expect full-year sales growth of 9% to 10%. The initial outlook had been for 6.5% growth. The company also expects EPS to grow by 13%. That’s up from the initial range of 7% to 9%.

The CEO said this was an “extraordinarily strong quarter” and I have to agree. Shares of CHD have been up as much as 5% this morning and they reached a new all-time high. The stock is up more than 33% for us this year.

Posted by on July 31st, 2020 at 9:50 am


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