earnings
confidence high
sentiment neutral
materiality 0.80
Church & Dwight Q3 adj. EPS $0.79 beats outlook; vitamin impairment drives reported loss
CHURCH & DWIGHT CO INC /DE/
2024-Q3 EPS reported
$1.61
revenue$4,525,100,000
- Q3 net sales $1,510.6M (+3.8%); organic sales +4.3% led by volume (+3.1%).
- Adjusted EPS $0.79 vs. outlook of $0.67; reported loss per share -$0.31 from $357M vitamin impairment charge.
- Domestic organic +3.3%, International +8.1%, SPD +7.5%; marketing spend +80bps to 12.3% of sales.
- Full-year adj. EPS growth reaffirmed at +8%; gross margin expansion raised to +110bps; cash from ops ~$1.1B.
- Q4 outlook: organic sales +2-3%, adj. EPS $0.76 (+17% YoY); cautious on US consumer.