Church & Dwight (CHD) Tops Q1 EPS by 6c

Church & Dwight (NYSE: CHD) reported Q1 EPS of $0.52, $0.06 better than the analyst estimate of $0.46. Revenue for the quarter came in at $877.2 million versus the consensus estimate of $869.68 million.

Matthew Farrell, Chief Executive Officer, commented, “We have delivered strong results as momentum from 2016 has continued into early 2017 including organic net sales growth of 2.3%, adjusted gross margin expansion of 110 basis points and adjusted earnings growth of 20.9%. The International business grew organic sales 11.8% as our investment strategy continues to pay off. We are pleased that 6 out of 10 power brands gained share.”

GUIDANCE:

Church & Dwight sees FY2017 EPS of $1.92, versus the consensus of $1.90.

For earnings history and earnings-related data on Church & Dwight (CHD) click here.

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