Church & Dwight Raises Full-Year Outlook After Strong Q2 Results

Earnings
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Church & Dwight exceeded its second-quarter expectations and raised its full-year outlook. Net sales increased 1.6% while organic sales rose 5.8%, driven by 4.3% volume growth and market-share gains. Adjusted earnings per share came in at $0.89, above the company's $0.88 forecast. The company now expects full-year organic sales growth of 4% to 5%, adjusted EPS growth of 6% to 8%, gross-margin expansion of 100 to 120 basis points, and operating cash flow of approximately $1.175 billion. Strong brand performance from TheraBreath, ARM & HAMMER, Hero, and ZICAM, along with the newly acquired Miss Mouth stain-remover brand, contributed to the results.

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