Baking Soda Maker Church & Dwight Beats Q2 Consensus, Boasts Strong Consumer Demand
Portfolio Pulse from Nabaparna Bhattacharya
Church & Dwight Co Inc (NYSE:CHD) reported Q2 2023 sales growth of 9.7% YoY to $1.45 billion, beating the consensus of $1.42 billion. The company continues to experience strong consumer demand and a favorable product mix. Adjusted EPS of $0.92 beat the analyst consensus of $0.79. The company raised its FY23 adjusted EPS forecast to $3.15, representing 6% growth. CHD shares are trading higher by 1.79% at $97.67.
July 28, 2023 | 4:17 pm
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Church & Dwight reported strong Q2 2023 results, beating consensus estimates. The company also raised its FY23 EPS forecast, indicating positive future performance.
Church & Dwight's strong Q2 results and raised FY23 EPS forecast indicate a positive outlook for the company. This news is likely to boost investor confidence, potentially leading to an increase in the company's stock price in the short term.
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