Church & Dwight's Q3 Earnings Soar Past Projections With Strategic Growth Fueling Sales Surge
Portfolio Pulse from Shivani Kumaresan
Church & Dwight Co Inc (NYSE:CHD) reported Q3 FY23 sales growth of 10.55% YoY to $1.46 billion, beating the analyst consensus estimate of $1.43 billion. Organic sales increased 4.8%, driven by volume and positive product mix and pricing. Adjusted EPS of 74 cents beat the analyst consensus of 68 cents. However, the company's Q4 adjusted EPS outlook of 63 cents is below the estimate of 72 cents. CHD's stock was down 6.2% at last check.
November 03, 2023 | 3:33 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Church & Dwight's Q3 earnings beat estimates, but the Q4 EPS outlook is below estimates. The stock was down 6.2% at last check.
Church & Dwight's Q3 earnings beat estimates, which is positive for the stock. However, the company's Q4 EPS outlook is below estimates, which is negative for the stock. The stock was down 6.2% at last check, indicating that the market has reacted negatively to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100