2023-04-27 07:00:07 ET
- Church & Dwight press release ( NYSE: CHD ): Q1 Non-GAAP EPS of $0.85 beats by $0.08 .
- Revenue of $1.43B (+10.0% Y/Y) beats by $80M .
- Net Sales +10.2%: Domestic +12.2%, Int’l +7.5 %, SPD -5.9%
- Organic sales +5.7%: Domestic +5.5%, Int’l +11.6%, SPD -5.9%
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2023 Full Year Outlook
- Net Sales raised to +6 to 7%; Organic Sales raised to +3 to 4%
- Reported EPS raised to +73% to 77%
- Adjusted EPS raised to +2% to +4%
- Cash from operations raised to ~$950 million
- For Q2, we expect reported sales growth of approximately 7%, organic sales growth of approximately 3%¹, gross margin expansion and higher marketing spending. As a result, we expect Adjusted EPS of $0.78 1 per share, a 2.6% increase from last year’s Adjusted Q2 EPS.¹ Reported EPS is expected to be $0.75 vs. $0.76 consensus
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Church & Dwight Non-GAAP EPS of $0.85 beats by $0.08, revenue of $1.43B beats by $80M