Church & Dwight Earnings: Everything You Must Know Now

Church & Dwight Co. Inc. (NYSE:CHD) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Church & Dwight Co. Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 8.93% to $0.61 in the quarter versus EPS of $0.56 in the year-earlier quarter.

Revenue: Rose 13.1% to $787.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Church & Dwight Co. Inc. reported adjusted EPS income of $0.61 per share. By that measure, the company beat the mean analyst estimate of $0.60. It missed the average revenue estimate of $790.87 million.

Quoting Management: Mr. Craigie, Chairman and Chief Executive Officer, commented, “We are pleased with our second quarter business results. The global domestic and international consumer businesses, constituting over 90% of the company’s total sales, delivered organic growth of 3.2% driven by increased market share on six of our eight power brands. Demand from the dairy customers of our Specialty Products business was significantly impacted by colder than normal weather, which reduced our consolidated organic sales growth to 1.8%, reflecting 2.7% volume growth and 0.9% unfavorable product mix and pricing. We also exceeded our gross margin expectations and delivered the fourth consecutive quarter of 100+ basis points of gross margin expansion.”

Key Stats (on next page)…

Revenue increased 1.07% from $779.3 million in the previous quarter. EPS decreased 19.74% from $0.76 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.76 and has not changed. For the current year, the average estimate is a profit of $2.80, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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