Church & Dwight reported second-quarter results that exceeded its own projections and raised its full-year guidance for organic sales, adjusted earnings per share, and cash from operations. Net sales reached $1.5 billion, a 1.6% increase, while organic sales grew 5.8%, driven by 4.3% volume growth and 1.5% positive price and mix. Adjusted EPS was $0.89, above the $0.88 outlook, and adjusted gross margin expanded 40 basis points to 45.4%. The company now expects full-year organic sales growth of 4% to 5%, up from 3% to 4%, and adjusted EPS growth of 6% to 8%, up from 5% to 8%. Cash from operations guidance was raised to $1.175 billion from $1.15 billion. The quarter featured strong performances from THERABREATH, HERO, and ARM & HAMMER cat litter, and the company completed the acquisition of the MISS MOUTH'S brand in June.
Church & Dwight Company IncQ2 beat and raised full-year guidance for organic sales, EPS, and cash flow.
