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CHD — Church & Dwight News Story

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Trojan condom maker Church & Dwight beats Q3 estimates, raises FY sales forecast

Overview

Church & Dwight Q3 net sales rise 5%, beating analyst expectations

Adjusted EPS for Q3 at $0.81, exceeding company outlook

Says Adjusted EPS beat its outlook of $0.72 mainly on higher-than-expected volume and gross margin results

Outlook

Church & Dwight raises full-year net sales growth forecast to approximately 1.5%

Company expects full-year adjusted EPS of approximately $3.49

Church & Dwight increases cash flow from operations outlook to ~$1.2 bln

Result Drivers

VOLUME GROWTH - Organic sales increased 3.4% driven by volume growth of 4.0%, partially offset by negative pricing and mix of 0.6%

INTERNATIONAL GROWTH - International Division organic growth was 7.7%, driven by broad-based share gains across subsidiaries and Global Markets Group

TOUCHLAND ACQUISITION - First quarter of ownership of TOUCHLAND exceeded initial expectations, contributing positively to results

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 SalesBeat$1.58 bln$1.53 bln (15 Analysts)
Q3 Adjusted EPSBeat$0.81$0.73 (16 Analysts)
Q3 EPS$0.75
Q3 Net Income$182.20 mln
Q3 Gross Profit$714.40 mln
Q3 Operating Income$254.60 mln
Q3 Pretax Profit$236.20 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 8 "hold" and 6 "sell" or "strong sell" The average consensus recommendation for the household products peer group is "buy." Wall Street's median 12-month price target for Church & Dwight Co Inc is $100.00, about 18.2% above its October 30 closing price of $81.80 The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 27 three months ago Press Release: ID:nBw2ZqC36a For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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