earnings
confidence high
sentiment positive
materiality 0.75
Church & Dwight Q2 beats outlook; raises FY gross margin & cash flow guidance
CHURCH & DWIGHT CO INC /DE/
2024-Q2 EPS reported
$1.91
revenue$3,014,500,000
- Net sales $1,511.2M (+3.9%); organic sales +4.7% driven by 3.5% volume growth.
- Adjusted EPS $0.93 vs outlook of $0.83; reported EPS $0.99 (+11.2% YoY).
- Adjusted gross margin expanded 150bps to 45.4%; FY expansion outlook raised to +100-110bps.
- FY cash from operations outlook raised to ~$1.08B (prev. $1.05B); FY organic sales guidance tightened to ~4% (prev. 4-5%).
- Q3 2024 adjusted EPS guided to $0.67, down ~10% YoY on higher marketing investment.