earnings
confidence high
sentiment negative
materiality 0.80
Church & Dwight Q3 EPS $0.76 beats outlook; full-year adj. EPS guided down 2-3% to $2.93-$2.97
CHURCH & DWIGHT CO INC /DE/
2022-Q3 EPS reported
$2.35
revenue$3,939,600,000
- Q3 net sales $1,317.3M (+0.4%), organic -0.7%; EPS $0.76 beats outlook of $0.65.
- Full-year adj. EPS guidance lowered to $2.93-$2.97 (down 2-3%); cash from ops now ~$800M (prev. $900M).
- Gross margin contracted 250 bps to 41.7% on higher raw material, manufacturing, and promo costs.
- Acquired Hero Mighty Patch brand in mid-Oct; #2 acne brand in US with strong growth.
- Discretionary brands (Waterpik, Flawless, Vitamins) created 6% headwind; ARM & HAMMER laundry detergent hit all-time share high.