Church & Dwight Earnings: Here’s Why Investors are Ambivalent Now
Church & Dwight Co. Inc. (NYSE:CHD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Church & Dwight Co. Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 15.15% to $0.76 in the quarter versus EPS of $0.66 in the year-earlier quarter.
Revenue: Rose 12.84% to $779.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Church & Dwight Co. Inc. reported adjusted EPS income of $0.76 per share. By that measure, the company beat the mean analyst estimate of $0.72. It beat the average revenue estimate of $776.59 million.
Quoting Management: James R. Craigie, Chairman and Chief Executive Officer, commented, “We are very pleased with our first quarter business results. Despite continuing weak category consumption in the U.S. and significant organic growth in the comparable period a year ago, we delivered 2.0% organic sales growth and 15.2% EPS growth, while increasing market share on seven of our eight power brands.”
Key Stats (on next page)…