Church & Dwight Company Reiterates FY23 Adjusted EPS Outlook Of $3.15, a 6% YoY Increase Vs. $3.16 Estimate; Gross Margin Expansion Raised to +210 bps From +200 bps
Portfolio Pulse from Benzinga Newsdesk
Church & Dwight Company has reiterated its FY23 adjusted EPS outlook of $3.15, which represents a 6% YoY increase. This is slightly below the $3.16 estimate. The company also raised its gross margin expansion forecast to +210 bps from +200 bps.
November 03, 2023 | 11:09 am
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NEUTRAL IMPACT
Church & Dwight's FY23 adjusted EPS outlook is slightly below estimates, but the company has raised its gross margin expansion forecast.
Church & Dwight's EPS outlook is slightly below the estimate, which could negatively impact the stock. However, the company's raised gross margin expansion forecast could offset this, leading to a neutral short-term impact.
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