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Seeking Clues to Church & Dwight (CHD) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Zacks Investment Research· 2024-01-30 15:21
Wall Street analysts expect Church & Dwight (CHD) to post quarterly earnings of $0.64 per share in its upcoming report, which indicates a year-over-year increase of 3.2%. Revenues are expected to be $1.51 billion, up 5.3% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timefr ...
Church & Dwight (CHD) Earnings Expected to Grow: Should You Buy?
Zacks Investment Research· 2024-01-26 16:06
Wall Street expects a year-over-year increase in earnings on higher revenues when Church & Dwight (CHD) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Februar ...
3 Overlooked Consumer Staples Stocks for a Solid 2024
InvestorPlace· 2024-01-26 15:34
It’s easy to overlook consumer staples stocks when growth stocks are doing so well. After a monstrous 2023 rally for major indices like the Nasdaq 100 and the S&P 500, it’s easy to feel invincible as a growth investor. While growth stocks can continue to rally higher, investors should never feel invincible about their decisions. That type of hubris can give way to considerable losses and a sense of panic that results in making the wrong decisions.Consumer staples stocks usually don’t decline as much as the ...
Why Church & Dwight (CHD) is Poised to Beat Earnings Estimates Again
Zacks Investment Research· 2024-01-19 18:11
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Church & Dwight (CHD) , which belongs to the Zacks Soap and Cleaning Materials industry, could be a great candidate to consider.This maker of household and personal products has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 12.64%.For the last re ...
4 Stocks Set to Grow in the Thriving Soap & Cleaning Materials Industry
Zacks Investment Research· 2024-01-19 15:26
Players in the Zacks Soap and Cleaning Materials industry have been benefiting from pricing actions, which have played key roles in uplifting the sales trends for the industry participants. The companies continue to gain from solid demand for consumer products and brands, cost-saving efforts, and strong execution. The players focused on transforming operations, digital commerce growth, innovation and brand building have been gaining amid macro hardships.Nevertheless, the companies continue to witness headwi ...
Church & Dwight(CHD) - 2023 Q3 - Earnings Call Transcript
2023-11-03 18:18
Financial Data and Key Metrics Changes - In Q3 2023, adjusted EPS was $0.74, exceeding the $0.66 outlook, driven by higher than expected sales growth and gross margin expansion [98][99] - Net sales increased by 10.5%, while organic sales grew by 4.8%, surpassing the previous outlook of 4% [98][112] - Gross margin improved by 270 basis points to 44.4%, primarily due to better pricing, volume, productivity, and the HERO acquisition [98][112] Business Line Data and Key Metrics Changes - The ARM & HAMMER Litter segment experienced 11% growth, outperforming the category growth of 8% [4] - Gummy vitamins, specifically VITAFUSION, saw a decline of 11% in Q3 due to distribution losses from supply issues in 2022 [5] - The specialty products segment, particularly MEGALAC, faced challenges from low-priced imports, leading to a 10% decrease in organic sales [97] Market Data and Key Metrics Changes - The U.S. consumer business posted strong organic sales growth of 5.5%, with 3.6% driven by volume [112] - International sales grew organically by 7.3%, supported by broad-based growth across subsidiaries [115] - Online sales accounted for 17% of global sales in Q3, up from 16% in the previous year [93] Company Strategy and Development Direction - The company is focused on reinvesting in marketing and R&D to drive future growth, with a strong new product pipeline expected in 2024 [98][119] - The strategy includes maintaining a balance between value and premium offerings, with a focus on consumer trade-down behavior during economic challenges [3][32] - The company is actively exploring acquisition opportunities to enhance its brand portfolio, with a strong balance sheet to support these initiatives [38][99] Management's Comments on Operating Environment and Future Outlook - Management noted that while consumer balance sheets are stretched, the company is well-positioned for trade-down scenarios, with 40% of its portfolio being value products [3] - The outlook for Q4 includes expected reported sales growth of 5% and organic growth of approximately 4%, with volume contributing positively [9][98] - Management expressed confidence in the demand for products, citing strong October performance and a positive trajectory for Q4 [27][93] Other Important Information - The company expects full-year reported sales growth of approximately 9%, up from a previous outlook of 8% [99] - Marketing as a percentage of sales increased to 11.5%, reflecting a commitment to brand support and growth [94][117] - The effective tax rate for Q3 was 24.1%, an increase from 20.2% in the prior year, influenced by a non-recurring state tax reduction in 2022 [117] Q&A Session Summary Question: What is the outlook for the specialty product segment? - Management indicated that the specialty product segment is expected to face challenges for a few more quarters until issues are resolved [102] Question: How will the promotional strategy impact Q4? - Management confirmed that the decision to pull back on certain promotions is part of a revenue growth management initiative aimed at improving profitability [147] Question: What is the company's approach to inflation and pricing? - Management expects inflation to be slightly higher than historical norms, driven by oil-based and resin-based commodities, but remains optimistic about maintaining pricing power [81][146]
Church & Dwight(CHD) - 2023 Q3 - Quarterly Report
2023-11-02 16:00
Net sales decreased in the three and nine months ended September 30, 2023 primarily due to competitive imports within our domestic dairy business. On February 1, 2023, the Board declared a 4% increase in the regular quarterly dividend from $0.2625 to $0.2725 per share, equivalent to an annual dividend of $1.09 per share. The increase raises the annual dividend payout from $255.0 to approximately $265.0. b) Change in Internal Control over Financial Reporting The Company repurchases shares of its Common Stock ...
Church & Dwight(CHD) - 2023 Q2 - Earnings Call Transcript
2023-07-28 18:28
Church & Dwight Co., Inc. (NYSE:CHD) Q2 2023 Earnings Conference Call July 28, 2023 10:00 AM ET Company Participants Matt Farrell – President and Chief Executive Officer Rick Dierker – Chief Financial Officer Conference Call Participants Chris Carey – Wells Fargo Securities Rupesh Parikh – Oppenheimer Bryan Adams – UBS Lauren Lieberman – Barclays Dara Mohsenian – Morgan Stanley Andrea Teixeira – JPMorgan Steve Powers – Deutsche Bank Anna Lizzul – Bank of America Bill Chappell – Truist Securities Olivia Tong ...
Church & Dwight(CHD) - 2023 Q2 - Quarterly Report
2023-07-27 16:00
(MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 13-4996950 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 500 Charles Ewing Boulevard, Ewing, NJ 08628 (Address of principal executive offices) Registrant's telephone number, including area code: (609) 806-1200 TABLE OF CONTENTS PART II 6. Exhibits 32 ITEM 1: FINANCIAL STATEMENTS | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------- ...
Church & Dwight(CHD) - 2023 Q1 - Earnings Call Transcript
2023-04-27 17:02
Financial Data and Key Metrics Changes - Q1 reported revenue growth was 10.2%, with organic sales increasing by 5.7%, exceeding the initial outlook of 4% [26][33] - Adjusted EPS for Q1 was $0.85, which was $0.10 higher than the expected $0.75, driven by strong consumer demand and higher-than-expected gross margins [27][33] - Cash from operating activities increased to $273 million, with full-year cash flow from operations expected to be approximately $950 million [11] Business Line Data and Key Metrics Changes - ARM & HAMMER laundry detergent grew by 9.3%, gaining market share, while the overall liquid laundry category grew by 3.6% [28][155] - The HERO brand saw a year-over-year consumption growth of 43.5%, achieving a 9.1% market share in the acne treatment category [30][33] - THERABREATH mouthwash grew by 70% in consumption, increasing its market share to 22.5% in the alcohol-free mouthwash segment [5][156] Market Data and Key Metrics Changes - The international business delivered organic growth of 11.6% in Q1, driven by strong performance across various global regions [157] - In the U.S. consumer market, organic sales growth was 5.5%, with eight out of fourteen power brands holding or gaining market share [154] - The dry shampoo category grew by 11.8%, with BATISTE achieving a 46.2% market share [155] Company Strategy and Development Direction - The company plans to increase marketing investments to support brand growth and new product launches, with a target of 10.5% of sales for marketing [12][140] - The focus remains on both premium and value brands, with a strategy to capitalize on consumer trade-down trends [4][114] - The company expects to make incremental investments in brands and capabilities in future quarters, reflecting confidence in business strength [12][140] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to volume growth later in the year, following flat volume growth in Q1 [9][12] - The company noted that while inflation remains a concern, pricing and productivity improvements are expected to offset inflationary pressures [12][118] - Management highlighted the importance of sustainability projects and alternative packaging as part of their long-term strategy [38] Other Important Information - The company raised its full-year outlook for sales, EPS, gross margin, and cash flow based on strong Q1 results [12][140] - The effective tax rate for Q1 was 24.4%, an increase from 23.2% in the previous year, with expectations for the full year to be around 23% [11] Q&A Session Summary Question: How is HERO performing relative to expectations? - Management indicated that HERO is performing better than expected, with both distribution and velocity exceeding initial forecasts [22][39] Question: What is the outlook for the personal care business? - Management noted that the personal care business is stabilizing, with expectations for improved performance in the second half of the year [40][65] Question: What are the expectations for gross margin and pricing? - Management expects gross margin to expand by approximately 120 basis points year-over-year, with pricing expected to contribute positively [12][38] Question: How is the company addressing consumer trade-down behavior? - Management acknowledged that both brand strength and consumer trade-down are contributing factors, with ARM & HAMMER benefiting from its strong brand presence [114][125] Question: What is the company's view on input costs and inflation? - Management stated that input costs are mixed, with some costs moderating while others remain high, but overall inflation expectations are unchanged [118][120]