- Church & Dwight press release ( NYSE: CHD ): Q4 Non-GAAP EPS of $0.62 beats by $0.02 .
- Revenue of $1.44B (+5.1% Y/Y) beats by $40M .
- Outlook: “Over the long term, we remain committed to delivering on our Evergreen model which is 3% organic net sales growth, gross margin expansion and 8% EPS growth. In 2023, we expect full year reported sales growth to be approximately 5-7% with organic sales growth of approximately 2-4%. 1 Pricing will drive the organic sales increase with volumes relatively stable. We expect 1 st half volumes to be lower year-over-year due to continued softness in our discretionary categories, with a return to volume growth in the 2 nd half.”
- “For Q1, we expect reported sales growth of approximately 4%, organic sales growth of approximately 1% 1 , gross margin expansion and higher marketing and SG&A spending. As a result, we expect Adjusted EPS of $0.75 2 per share (consensus of $0.80), a 10% decrease from last year’s adjusted Q1 EPS, which reflected a strong 2022 prior to the downturn in the economy. 1 We expect Q1 revenue and profits to continue to be negatively impacted by softness in discretionary brands and the timing of equity grants.”
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Church & Dwight Non-GAAP EPS of $0.62 beats by $0.02, revenue of $1.44B beats by $40M