Church & Dwight Q2: Organic Sales Surge 5.8%, but EPS Misses and Guidance Mixed
CHD sits 22% above its 52-week low of $81.33.
Summary
Church & Dwight's Q2 organic sales jumped 5.8%, well above the 3% outlook, driven by volume growth of 4.3%. However, adjusted EPS of $0.89 missed the $0.90 consensus, and adjusted operating income fell 9.1% on higher marketing and SG&A costs. The company raised its full-year organic sales growth outlook to 4%-5% and tightened adjusted EPS guidance to $3.74-$3.81, but lowered net sales guidance slightly and issued Q3 EPS guidance below estimates. Shares rose 1.26% as the market focused on the strong organic sales beat. This follows the earlier BusinessWire report on the Q2 beat, adding the EPS miss detail, updated guidance, and stock reaction.
At the time of this announcement, CHD was trading at $99.57 on NYSE in the Trade & Services sector, with a market capitalization of approximately $23.6B. The 52-week trading range was $81.33 to $106.04. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Benzinga.