Church & Dwight Earns 58 Cents per Share

This morning, Church & Dwight (CHD) reported Q3 earnings of 58 cents per share. That beat estimates by four cents per share. Net sales rose 7.2% to $1.04 billion.

Consumer Domestic, CHD’s largest unit, saw net sales growth of 7.6%. Business growth was led by Arm & Hammer.

Net sales for the consumer goods company rose 7.2% to $1.04 billion, ahead of the consensus forecast of $1.02 billion. Organic sales grew 4.7% driven by global consumer products growth of 5.4%.

For 2018, the company now expects organic sales growth to be about 4%, up from its previous estimate of 3.5%. It still expects sales growth to exceed 9% for the full year.

For Q4, CHD expects earnings of 57 cents per share which makes the full-year total $2.27 per share. The stock is up about 8% this morning.

Posted by on November 1st, 2018 at 11:37 am


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