Why Church & Dwight Shares Are Falling Today
Portfolio Pulse from Nabaparna Bhattacharya
Church & Dwight Company, Inc. (NYSE:CHD) reported Q4 net sales of $1.528 billion, a 6.4% increase year over year, surpassing both its own and analyst expectations. Organic sales grew by 5.3%, driven by favorable price and product mix and higher volume. Adjusted EPS was $0.65, matching analyst consensus. The company saw growth in both domestic and international consumer sales but a decrease in Specialty Products' net sales. Gross margin improved due to pricing, volume, productivity, and the HERO acquisition. Church & Dwight raised its quarterly dividend by 4% and provided a positive outlook for 2024, expecting 4%-5% sales growth and 7%-9% adjusted EPS growth. Despite the positive report, CHD shares fell by 2.25% to $99.49.
February 02, 2024 | 4:02 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Church & Dwight reported higher than expected Q4 sales and raised its quarterly dividend, but shares fell by 2.25% to $99.49.
The drop in CHD shares despite positive earnings and dividend increase could be attributed to market expectations being higher than the reported figures or concerns not directly mentioned in the article. The positive outlook for 2024 might not have been enough to offset these concerns in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100