Church & Dwight Q2 net sales +9.7%, adj EPS $0.92 vs outlook $0.78; raises FY guidance

CHURCH & DWIGHT CO INC /DE/

2023-Q2 EPS reported $1.72 revenue$2,884,000,000

Net sales $1,454.2M, +9.7% YoY; organic sales +5.4%; gross margin +270 bps to 43.9%.
Reported EPS $0.89 (+17.1% YoY), adjusted EPS $0.92 (+21.1% YoY) vs outlook of $0.78.
Raised FY reported sales growth to ~+8% (prev 6-7%), organic to ~+5% (prev 3-4%).
Raised FY adj EPS to $3.15 (+6% YoY) from prev 2-4% growth; gross margin expansion raised to ~+200 bps.
Cash from ops raised to ~$1.0B; marketing spend increased to 11% of sales (prev 10.5%).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CHURCH & DWIGHT CO INC /DE/ reported the quarter ended June 30, 2023 results: revenue $1,454.2 million, EPS $0.89. Guidance raised.

Period: the quarter ended June 30, 2023
Revenue: $1,454.2 million
EPS: $0.89
Guidance: raised
Result: reported results

Exact text from the filing

(NYSE: CHD) today announced the Company exceeded its outlook with stronger than expected sales growth and gross margin expansion. In the second quarter net sales grew 9.7% to $1,454.2 million and gross margin expanded by 270 basis points. The Company continues to experience strong consumer demand across its portfolio. Organic sales grew 5.4% driven by positive product

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Source: SEC EDGAR

accession 0000950170-23-035289

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