Financial Data and Key Metrics Changes - The company reported a net sales growth of 9.2% for the full year 2023, exceeding the outlook of 9% [50] - Organic growth was 5.3%, surpassing the expected 5% [50] - Gross margin expanded by 220 basis points, reaching 44.1%, better than the anticipated 210 basis points [50][58] - Earnings per share (EPS) growth was reported at 8% to 10%, with adjusted EPS growth before MEGALAC being 8% to 10% [56] Business Line Data and Key Metrics Changes - The company has narrowed its focus to seven power brands, which account for 70% of revenues and profits, emphasizing their potential for global growth [5][14] - The ARM & HAMMER brand saw significant growth, with a share increase to 14.4% in the fabric care category [68] - THERABREATH and HERO brands reported substantial growth, with THERABREATH achieving 57% distribution growth and HERO growing from 0.2% to an 18% share in the acne care category [34][74] Market Data and Key Metrics Changes - The international market is expected to grow at 8%, with the company seeing strong growth across all subsidiary markets [4][86] - The company has a low private label exposure of around 12%, which has remained stable over the years [15][67] - E-commerce sales accounted for 20% of total sales, with expectations to reach 30% by the end of the decade [4][98] Company Strategy and Development Direction - The company is focused on innovation and digital growth, with plans to invest more in e-commerce and technology [94] - The acquisition strategy remains a priority, with a specific focus on high-growth, high-margin brands [48][63] - The company aims to recover gross margins to pre-COVID levels of 45.5% through productivity programs and higher-margin acquisitions [58] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to grow in the U.S. market, projecting a 3% growth outlook [13] - The company is optimistic about its new product pipeline, describing it as the best in 17 years [98] - Management noted that inflation is moderating, which is expected to positively impact gross margins [19][27] Other Important Information - The company announced a 4% dividend increase, aligning with its capital allocation strategy [31] - The cash conversion cycle has improved significantly, dropping from 52 days to the 20s, despite a recent spike due to acquisitions [29] - The company is committed to maintaining a strong balance sheet, with expectations to reduce leverage from 1.8 times to 1.6 times [62] Q&A Session Questions and Answers Question: What caused the weakness in the fourth quarter for ARM & HAMMER laundry? - Management indicated that the weakness was due to the decision to not repeat certain promotions from the previous year, which resulted in a loss of share but was deemed the right decision [100] Question: How is the company supporting the launch of new products? - The company plans to support the launch of Deep Clean and fabric sheets with increased marketing efforts, which are expected to contribute to share growth [101] Question: What is the outlook for the cat litter category? - The cat litter category remains healthy, with ARM & HAMMER contributing to an 11.8% growth last year, driven by increased pet adoptions and price increases [102] Question: How is BATISTE performing in the dry shampoo category? - BATISTE has seen a 16% growth, outperforming the category growth of 15.6%, attributed to new products and effective advertising [104] Question: What steps are being taken to address the share decline in the gummy category? - The company is investing in new product upgrades and advertising to stabilize the business and regain growth in the gummy category [105]

Safe Harbor Statement CHURCH & DWIGHT ANALYST DAY 2024 4 U.S. Consumer and New Products Update How We Run the Company Back ARM & HAMMER LLD, ARM & HAMMER Litter, Batiste, TheraBreath and Hero achieved all time high market shares. 4 6 | --- | --- | --- | --- | --- | |---------|--------|--------|-------|-------| | | | | | | | 10 YEAR | 5 YEAR | 3 YEAR | | 2023 | | | | | | | | | | | | | | 12.6% | 8.8% | | 4.0% | 18.7% | confidence Sustainable high International growth rate Strong 2024 fundamentals Matt Farrell ...

Church & Dwight (CHD) reported $1.53 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 6.4%. EPS of $0.65 for the same period compares to $0.62 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.51 billion, representing a surprise of +1.09%. The company delivered an EPS surprise of +1.56%, with the consensus EPS estimate being $0.64.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Church & Dwight (CHD) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.56%. A quarter ago, it was expected that this maker of household and personal products would post earnings of $0.68 per share when it actually produced earnings of $0.74, delivering a surprise of 8.82%.Over the la ...

Church & Dwight Co., Inc. (CHD) is likely to register top-line growth when it reports fourth-quarter 2023 earnings on Feb 2, before market open. The Zacks Consensus Estimate for revenues is pegged at $1.51 billion, suggesting a rise of 5.3% from the prior-year quarter’s reported figure.The consensus mark for quarterly earnings has been unchanged in the past 30 days to 64 cents per share. This indicates an increase of 3.2% from the year-ago quarter’s reported figure. CHD has a trailing four-quarter earnings ...

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 ...

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 ...

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 ...

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 ...

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 ...