earnings
confidence high
sentiment negative
materiality 0.75
Church & Dwight beats Q2 EPS but cuts FY2022 guidance to flat on $135M inflation
CHURCH & DWIGHT CO INC /DE/
2022-Q2 EPS reported
$1.59
revenue$2,622,300,000
- Q2 EPS $0.76 vs $0.70 outlook; net sales +4.2% to $1,325.1M; organic sales +3.4%.
- Gross margin down 220bps to 41.2% on higher costs; adds $50M to expected 2022 cost inflation ($135M total).
- FY2022 EPS guidance revised to flat vs 2021 adjusted EPS; sales growth narrowed to 4-5% (prior 5-8%).
- International organic +6.5%, domestic +2.4%, Specialty Products +6.3%; currency drag ~1%.
- Cash from ops guided to ~$900M (from $920M); capex now $180M (from $200M).