Q2 2024 Church & Dwight Co Inc Earnings Call Transcript
Key Points
- Reported sales growth of 3.9%, exceeding the outlook of 3.5%.
- Organic sales grew 4.7%, surpassing the 4% Q2 outlook.
- Adjusted EPS was $0.93, higher than the $0.83 outlook.
- Gross margin expanded by 150 basis points.
- Strong performance in international markets with 9.3% organic growth.
- Gummy vitamin business continued to be a drag, with consumption down 10.9%.
- Private label share gains in gummy vitamins and litter categories.
- Slowdown in consumption growth in June and July.
- Increased marketing expenses impacting SG&A.
- Tightened full-year organic revenue outlook to the low end of the prior range.
Please stand by for streaming text.
Good morning, ladies and gentlemen, and welcome to Church & Dwight's Second- Quarter 2024 Earnings Conference Call. Before we begin, I've been asked to remind you that on this call, the company's management may make forward-looking statements regarding, among other things, the company's financial objectives and forecasts. These statements are subject to risks and uncertainties and other factors are described in detail in the company's SEC filings. I would now like to introduce your host for today's call, Mr. Matt Farrell, Chairman, President and Chief Executive Officer of Church & Dwight. Please go ahead.
Good morning, everybody. Thanks for joining us today. I'll begin with review of the Q2 results and then I'll turn the call over to Rick. Darker is our CFO and Head of Business Operations. And when Rick is done, we'll open up the call for questions. Q2 was another solid quarter for Church & Dwight
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
