Church & Dwight Co., Inc. (CHD) is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 28.24, higher than the industry average of 22.11 and the S&P 500’s 22.21. This premium valuation raises concerns about whether CHD can meet investor expectations, especially considering its low Value Score of D, which suggests that it may not be a strong value proposition at current levels.CHD Stock P/E PerformanceImage Source: Zacks Investment ResearchChurch & Dwight’s shares have lost 4.5% over the ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Name of each exchange on which registered FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-10585 CHURCH & DWIGHT CO., INC. (Exact name of registrant as specified in its charter) Delawa ...

Church & Dwight Co., Inc. (CHD) reported impressive third-quarter 2024 results, with the top and bottom lines increasing year over year. Quarterly earnings and net sales surpassed the Zacks Consensus Estimate. The results were driven by strong consumer demand across CHD's portfolio, the resilience of its brands, successful new product launches and continued commitment to effective execution.Quarterly adjusted earnings of 79 cents per share beat the Zacks Consensus Estimate of 68 cents. The bottom line incre ...

Financial Data and Key Metrics - Reported sales growth was 3.8%, beating the outlook of 2.5%, driven by strong performance in domestic, international, and specialty products businesses [4] - Organic sales grew 4.3%, exceeding the 3% outlook, with volume contributing 3.1% of the growth [5] - Adjusted EPS was $0.79, $0.12 higher than the $0.67 outlook, driven by higher-than-expected sales growth and gross margin expansion [6] - Adjusted gross margin expanded by 60 basis points, with marketing spending increasing and market share gains in most categories [5][6] - Online sales accounted for approximately 21% of global sales, continuing to perform well [6] Business Line Performance - **US Business**: Organic sales grew 3.3%, with volume growth of 2.6%, marking the fifth consecutive quarter of volume growth [7] - **Laundry Detergent**: ARM & HAMMER Liquid Laundry Detergent consumption grew 2%, outpacing a flat category, with market share reaching 14.7% [9] - **Litter**: ARM & HAMMER litter consumption declined 1.5%, but the new lightweight clumping litter outperformed expectations [12][13] - **Personal Care**: Gummy vitamins business declined 10%, leading to a $357 million write-down of assets [14][15] - **BATISTE**: Dry shampoo consumption grew 6%, with market share reaching 46% [16] - **THERABREATH**: Alcohol-free mouthwash grew 11%, with a 35% market share in the non-alcohol category [17] - **HERO**: Acne care brand grew patch market share by 1.7 basis points to 57% [19] - **International Business**: Organic growth of 8.1%, driven by strong performance across subsidiaries and global markets [22] - **Specialty Products**: Organic sales increased 7.5%, with confidence in achieving 5% growth for the year [23] Market Performance - US consumer consumption decelerated in Q3, with category growth slowing from 4.5% in the first five months to 2.5% in June, July, and August [24] - September saw a rebound to 3% growth, while October saw a 5% increase, influenced by external factors like hurricanes and port strikes [25] - Promotional levels in laundry detergent remained stable, while litter promotions increased significantly, driven by a major competitor [20][21] Company Strategy and Industry Competition - The company is focused on innovation, with new product launches like ARM & HAMMER Deep Clean and Power Sheets driving growth in laundry detergent [10][11] - In litter, the lightweight clumping litter is gaining market share, with Hardball becoming the number two brand in the lightweight segment [13] - The company is investing in marketing and innovation to stabilize underperforming segments like gummy vitamins, with new packaging and formulas expected in 2025 [15] - International expansion continues to be a priority, with strong growth in all subsidiaries and global markets [22] Management Commentary on Operating Environment and Future Outlook - Management remains cautious about the US consumer and category growth rates in Q4, despite some improvement in September and October [25][34] - The company expects full-year organic revenue growth of approximately 4% and reported sales growth of 3.5%, with adjusted EPS growth of 8% [34] - Gross margin expansion is expected to be around 110 basis points, with marketing spending as a percentage of sales above 11% [35] Other Important Information - The company recorded a $357 million write-down of the gummy vitamins business due to slower-than-expected improvement [15] - Cash flow from operations for the first nine months was $864 million, with full-year expectations of $1.1 billion [32] - Capital expenditures for 2024 are expected to be $180 million, with a return to historical levels of 2% of sales in 2025 [33] Q&A Session Summary Question: Outlook for Q4 and inventory dynamics [37] - **Answer**: No significant inventory timing dynamics impacting Q4, with cautious outlook on category growth rates due to economic uncertainty [38][39] Question: US business top-line growth objective [42] - **Answer**: The US business is expected to grow at 3%, with international at 8% and specialty products at 5%, contributing to the overall 4% growth target [43][44] Question: Path to stabilization and growth in the vitamin business [47] - **Answer**: Stabilization efforts include new packaging, upgraded formulas, and innovation expected in 2025, with some green shoots in L'IL CRITTERS [48][49][50] Question: Marketing investments and strategy [52] - **Answer**: Marketing spend is expected to increase to 11-11.5% of sales, with a focus on innovation and international expansion [53][54][56] Question: Promotional environment in laundry and litter [81] - **Answer**: Promotional levels in laundry remain stable, while litter promotions have increased, driven by a major competitor [82][83] Question: Gross margin outlook and commodity costs [76] - **Answer**: Gross margin expansion is expected to be around 110 basis points, with higher manufacturing costs partially offset by productivity gains [77][78] Question: Innovation contribution and future plans [108] - **Answer**: Innovation contributed approximately 2% incremental net sales in 2024, with strong pipelines for 2026 and beyond [109][110] Question: Vitamin business and impairment charge [114] - **Answer**: The impairment charge reflects reduced growth and profit expectations, with stabilization efforts focused on innovation rather than increased spending [115][116][117] Question: Premium price innovation and trade-up opportunities [122] - **Answer**: Premium innovations like Deep Clean and Power Sheets are performing well, with consumer interest in sustainable products driving growth [123][124][125] Question: International business and Japan acquisition [128] - **Answer**: International business is performing well, with opportunistic marketing spend in Q4, while the Japan acquisition is still in early stages [129][131] Question: R&D and SG&A spend for 2025 [134] - **Answer**: R&D and SG&A spend is expected to remain around 2% of sales, with an SAP project implementation in 2025 [135]

For the quarter ended September 2024, Church & Dwight (CHD) reported revenue of $1.51 billion, up 3.8% over the same period last year. EPS came in at $0.79, compared to $0.74 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.49 billion, representing a surprise of +1.12%. The company delivered an EPS surprise of +16.18%, with the consensus EPS estimate being $0.68.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Church & Dwight (CHD) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.18%. A quarter ago, it was expected that this maker of household and personal products would post earnings of $0.84 per share when it actually produced earnings of $0.93, delivering a surprise of 10.71%.Over the ...

CHURCH & DWIGHT CO., INC. News Release Contact: Rick Dierker Chief Financial Officer 609-806-1200 CHURCH & DWIGHT REPORTS Q3 2024 RESULTS Q3 NET SALES, GROSS MARGIN, ADJUSTED EPS AND CASH FLOW EXCEED OUTLOOK AFFIRMS FULL YEAR NET SALES AND ADJUSTED EPS OUTLOOK 2024 Third Quarter Results 2024 Full Year Outlook • Net Sales +3.8%: Domestic +3.3%, Int'l +9.5%, SPD -8.0% • Net Sales +3.5%; Organic Sales +4.0%¹ • Organic Sales¹ +4.3%: Domestic +3.3%, Int'l +8.1%, SPD • Adjusted Gross Margin expansion +110 bps (pr ...

Church & Dwight., Inc. (CHD) gears up to unveil its third-quarter fiscal 2024 earnings on Nov. 1. The company is likely to register top-line growth while the bottom line is expected to have decreased year over year. The Zacks Consensus Estimate for third-quarter revenues is pegged at $1,494 million, which indicates an increase of 2.6% from the year-ago quarter's reported figure. In the past 30 days, the Zacks Consensus Estimate for earnings has remained unchanged at 68 cents per share. However, this estimat ...

The upcoming report from Church & Dwight (CHD) is expected to reveal quarterly earnings of $0.68 per share, indicating a decline of 8.1% compared to the year-ago period. Analysts forecast revenues of $1.49 billion, representing an increase of 2.6% year over year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a company's earni ...