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Financial Data and Key Metrics Changes - Adjusted EPS for Q1 2024 was $0.96, up 12.9% from the prior year, exceeding the outlook of $0.85 due to higher-than-expected sales growth, gross margin expansion, and a lower tax rate [135][158] - Reported revenue increased by 5.1%, with organic sales growth of 5.2%, driven by a volume increase of 3.7% and a positive product mix and pricing of 1.5% [145][165] - Gross margin expanded by 220 basis points to 45.7%, primarily due to productivity, volume, mix, and pricing, net of higher manufacturing costs [165][158] Business Line Data and Key Metrics Changes - In the laundry segment, ARM & HAMMER Liquid Laundry Detergent consumption was flat, while the category grew by 2% [5] - BATISTE in Personal Care saw a strong consumption growth of 19% in Q1, increasing its market share to 47.5% [7] - The Gummy Vitamins and WATERPIK segments negatively impacted total company organic growth, with WATERPIK experiencing a 1% drag due to retailer inventory adjustments [8][180] Market Data and Key Metrics Changes - The International business delivered organic growth of 8.8% in Q1, driven by strong performance in Mexico, Germany, the U.K., and France [9] - Specialty Products organic sales increased by 7.2%, primarily due to record sales in the Eurasia business [9] - ARM & HAMMER Litter grew consumption by 5% in Q1, aligning with category growth [178] Company Strategy and Development Direction - The company signed an agreement to acquire Graphico, a Japanese distributor, for approximately $35 million, expected to close later this year, enhancing its presence in Japan and the APAC region [4][176] - The company plans to leverage revenue growth management to support selective brand and retailer growth, which has shown positive results in the first quarter [88] - New product launches, including ARM & HAMMER Deep Clean and Power Sheets, are expected to drive organic growth, with an anticipated contribution of about 2% from new products for the year [30][134] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operating environment, noting that despite challenges in certain segments, overall performance remains strong with three consecutive quarters of U.S. volume growth [159][163] - The company raised its full-year outlook for gross margin and EPS growth due to a strong start in Q1 [164] - Management highlighted that while there are pressures on the consumer, the company has not seen a significant decline in consumption across its product categories [82] Other Important Information - Marketing expenses increased by $29.7 million year-over-year, accounting for 10.1% of net sales, which contributed to market share gains [183] - Capital expenditures for Q1 were $46.3 million, with expectations of approximately $180 million for the full year as capacity expansion projects continue [167] - The company expects cash flow from operations to be approximately $1,050 million for the full year, slightly up from the previous outlook of $1 billion [166] Q&A Session Summary Question: What is the outlook for laundry volumes? - Management noted an improvement in laundry volumes and expects this trend to continue as promotional activities normalize [18][39] Question: What is the impact of WATERPIK's performance on the outlook? - Management indicated that while WATERPIK faced shipment issues due to retailer inventory adjustments, consumption remains healthy, and they expect recovery in the latter part of the year [28][29] Question: How is the company managing marketing expenses? - Management stated that marketing spending is expected to increase in Q2 and Q3, with a strategic shift to support new product launches [35][36] Question: What are the dynamics in the litter market? - Management acknowledged increased competition and private label activity but emphasized that their market share remains strong [33][62] Question: How is the company addressing consumer pressures? - Management highlighted that while there are pressures such as rising credit card debt, consumption for their products has remained stable, indicating resilience in their portfolio [82][61]

Certain subsidiaries that are included in the Consumer International segment manufacture and sell personal care products to the Consumer Domestic segment. These sales are eliminated from the Consumer International segment results set forth in the table below. Product line revenues from external customers are as follows: | --- | --- | --- | --- | |------------------------------------|-------|---------------------------------------|--------------------------| | | | Three Months \nMarch 31, 2024 | Ended \nMarc ...

Church & Dwight (CHD) reported $1.5 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.1%. EPS of $0.96 for the same period compares to $0.85 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.49 billion, representing a surprise of +0.79%. The company delivered an EPS surprise of +11.63%, with the consensus EPS estimate being $0.86.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

Church & Dwight (CHD) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.63%. A quarter ago, it was expected that this maker of household and personal products would post earnings of $0.64 per share when it actually produced earnings of $0.65, delivering a surprise of 1.56%.Over the l ...

CHURCH & DWIGHT CO., INC. CHURCH & DWIGHT REPORTS Q1 2024 RESULTS Q1 NET SALES, GROSS MARGIN AND EPS EXCEED OUTLOOK RAISES OUTLOOK FOR FULL YEAR GROSS MARGIN AND EPS First quarter 2024 Reported EPS was $0.93; an increase of 13.4% compared to 2023 reported EPS. First quarter Adjusted EPS was $0.96; an increase of 12.9%. First quarter Adjusted EPS exceeded the Company's outlook of $0.85 driven by higher-than-expected sales growth and gross margin expansion, and a lower tax rate. "In March, we signed a definit ...

Analysts on Wall Street project that Church & Dwight (CHD) will announce quarterly earnings of $0.86 per share in its forthcoming report, representing an increase of 1.2% year over year. Revenues are projected to reach $1.49 billion, increasing 4.3% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this p ...

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 an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 5. ...

Church & Dwight Co., Inc. (CHD) appears to be in a good spot, with its shares up 13.6% in the past six months compared with the industry’s growth of 6.3%. The consumer product behemoth has been benefiting from impressive demand, bolstered by consistent innovation, new product launches and strategic acquisitions, such as the Hero brand.Brand strength, efficient pricing and productivity gains have been working well for the company, which was evident in its fourth-quarter 2023 results, wherein the top and bott ...

Players in the Zacks Soap and Cleaning Materials industry continue to gain from solid demand for consumer products and brands, cost-saving efforts, and strong execution. The participants focused on transforming operations, digital commerce growth, innovation and brand building have been gaining amid macro hardships. Additionally, the companies in the industry have been benefiting from pricing actions, which have played key roles in uplifting the sales trends for them.Nevertheless, the companies continue to ...