Church & Dwight Sees 2024 Adj. EPS +8% (Prior Lower End Of +8-9% Range), Net Sales +4.0% (Prior +3.5%)
Portfolio Pulse from Benzinga Newsdesk
Church & Dwight has updated its 2024 financial outlook, projecting an 8% increase in adjusted EPS and a 4% rise in net sales, slightly above previous estimates. The company also anticipates a 110 basis point expansion in adjusted gross margin.
November 01, 2024 | 10:59 am
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Church & Dwight has revised its 2024 financial outlook, expecting an 8% increase in adjusted EPS and a 4% rise in net sales, which is slightly above previous guidance. The company also projects a 110 basis point expansion in adjusted gross margin.
The upward revision in adjusted EPS and net sales indicates stronger than expected performance, which is likely to positively impact Church & Dwight's stock price. The expansion in gross margin further supports a positive outlook.
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