Church & Dwight Earns 70 Cents per Share

More earnings today.

This morning, Church & Dwight (CHD) reported Q3 earnings of 70 cents per share. That beat estimates by three cents per share.

Third quarter net sales grew 13.9% to $1,241.0 million. The Company continued to experience a significant increase in consumer demand for many of its products, primarily in response to the COVID-19 pandemic. Organic sales grew 9.9% driven by a volume increase of 10.2%, partially offset by 0.3% from unfavorable product mix and pricing in support of new products. Volume growth was driven by higher consumption and restocking of retailer inventories.

Here’s the updated full-year outlook:

2020 Full Year Outlook

Reported Sales growth raised to 11% (previously 9-10%)

Organic Sales growth raised to 9% (previously 7-8%)

Adjusted EPS growth raised to 13%-14% 1, including investments

Cash from Operations raised to $975MM (previously $960MM)

Posted by on October 29th, 2020 at 9:33 am


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