Enhanced Investments - Financial Portal

Church & Dwight Reports Q2 2022 Results

Published: 2022-07-29 10:55:00 ET

2022 Second Quarter Results

Net Sales +4.2%: Domestic +4.7%, Int’l +1.6 %, SPD +6.3%
Organic sales +3.4%: Domestic +2.4%, Int’l +6.5%, SPD +6.3%
EPS $0.76, flat to prior year Adjusted EPS ¹

2022 Full Year Outlook

Net Sales growth +4% to +5%; Organic Sales +3% to +4%¹
Reported EPS -9%, Adjusted EPS flat¹
Cash from operations ~$900 million

EWING, N.J.--(BUSINESS WIRE)-- Church & Dwight Co., Inc. (NYSE: CHD) today announced second quarter net sales grew 4.2% to $1,325.1 million which reflects a 1% drag from currency. The Company continues to experience strong consumer demand for many of its products. Organic sales grew 3.4% driven by positive pricing of 6.3% offset by a volume decline of 2.9%.1

Second quarter 2022 EPS was $0.76; a decline of 12.6% compared to 2021 reported EPS and flat versus prior year adjusted EPS. Currency negatively impacted EPS by $0.01.1 Second quarter EPS exceeded the Company’s outlook of $0.70.

Matthew Farrell, Chief Executive Officer, commented, “Our brands once again experienced strong consumption. In the U.S. we grew consumption in 11 of our 17 categories, 6 of our brands experienced double-digit consumption growth. These included ARM & HAMMER™ Scent Boosters, ARM & HAMMER™ Baking Soda, ARM & HAMMER™ Clumping Litter, BATISTE™ dry shampoo, ZICAM™ zinc supplements and THERABREATH™ mouthwash. We gained share on 8 of our 14 power brands.

“We believe the recent improvement in fill rates (Q2 89%, improved from Q1

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.