trending Market Intelligence /marketintelligence/en/news-insights/trending/K-yjqdZQEuqTb7_lNWeM4g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Church & Dwight improves outlook as Q2 EPS surpasses expectations

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Church & Dwight improves outlook as Q2 EPS surpasses expectations

Church & Dwight Co. Inc. on July 31 revised its outlook for 2019 as strong domestic and overseas sales led to better-than-expected earnings for the second quarter.

The New Jersey-based household-products maker now expects full-year adjusted EPS to grow 9% to $2.47, the top end of its previously announced guidance range of $2.43 to $2.47. Sales are expected to increase about 6%, compared with the previous sales outlook of 5% to 6%.

For the current quarter ending Sept. 30, the company expects adjusted EPS to be 60 cents, a 3% increase year over year, excluding the earnout adjustment from the acquisition of the Flawless business. The company expects reported sales growth of about 6%.

The company expects to continue its spending on long-term brand building activities, research and development, and new product investments.

For the three months to June 30, Church & Dwight posted adjusted diluted EPS of 57 cents, up 16.3% from 49 cents in the year-ago period and above the S&P Global Market Intelligence consensus normalized EPS estimate of 52 cents.

Sales increased by 5% year over year to $1.08 billion from $1.03 billion, with organic growth of 4.9%. The company reported that consumer domestic net sales rose 5.8% to $819.3 million, while consumer international sales climbed 6% to $186.6 million.