earnings
confidence high
sentiment positive
materiality 0.75
Church & Dwight Q3 net sales +10.5% to $1.46B, adj. EPS $0.74 vs outlook $0.66; raises FY sales growth to 9%
CHURCH & DWIGHT CO INC /DE/
2023-Q3 EPS reported
$2.43
revenue$4,339,900,000
- Q3 net sales $1,455.9M (+10.5% YoY), organic sales +4.8% (volume +2.7%, price/mix +2.1%).
- Gross margin expanded 270 bps to 44.4%; Adjusted EPS $0.74 exceeded outlook of $0.66.
- Full-year reported sales guidance raised to ~9% (from 8%); gross margin expansion raised to +210 bps.
- Q4 outlook: reported sales +5%, organic +4%, Adjusted EPS $0.63 (+2% YoY); marketing spend to increase.
- Operating cash flow for FY expected ~$1.0B (+13% YoY); debt $2.4B, cash $573M at quarter end.