logo
Plus   Neg
Share
Email

Church & Dwight Co. Raises 2018 Outlook - Quick Facts

Church & Dwight Co., Inc. (CHD) announced the company now expects full year 2018 sales growth to exceed 9% and organic sales growth to be approximately 4%. Church & Dwight continues to expect full year gross margin to contract 120 basis points. 2018 EPS outlook is $2.27 (reported decline of 22% due to 2017 tax law changes) or adjusted EPS growth of 17%.

For the fourth-quarter, the company expects reported and organic sales growth of approximately 3%. EPS is expected to be $0.57 per share (reported decline of 64% due to 2017 tax law changes), a 10% increase over last year's adjusted fourth-quarter EPS.

For the third-quarter, reported EPS was $0.58, an 11.5% increase, from prior year. Adjusted EPS increased 18.4% excluding a prior year $0.03 tax benefit from a joint venture impairment charge. Net sales grew 7.2% to $1.04 billion. Organic sales grew 4.7% driven by global consumer products growth of 5.4%. Global consumer organic sales were driven by volume growth of 3.7% and positive product mix and pricing of 1.7%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
A survey has shown that while a majority of Americans want to buy a car that contributes substantially to the U.S. economy amid rising trade tensions, most of the "American-made" cars are actually produced by foreign automakers. According to Cars.com's 2019 American-Made Index, the most 'American-made' vehicle in 2019 is the Jeep Cherokee. Streaming giant Netflix Inc. (NFXL) is set to lose the right to stream "The Office," one of the most popular TV show on the service. NBC Universal announced it is taking back the popular TV show for its own streaming platform, beginning January 2021. "We're sad that NBC has decided to take The... Chinese smartphone maker Xiaomi has announced that its recently launched Mi Band 4 crossed 1 million units sales in just eight days. Xiaomi's Director of Product Management Donovan Sung tweeted this news as he thanked Mi fans for the achievement. "Sharing some great news with our global Mi Fans....
Follow RTT