Thursday, May 5, 2016

Church & Dwight Earnings

Today Church & Dwight(CHD) reported Q1 EPS of $0.86/share on revenues of $849 million. The company re-affirmed it's 7-9% adjusted EPS growth. Shares are trading up over 1.5% today. Here is what CEO Matthew Farrell had to say.

“2016 is off to a strong start with solid first quarter results. We believe that we are positioned to continue to deliver strong sales and earnings growth with our balanced portfolio of value and premium products, the launch of innovative new products, aggressive productivity programs and tight management of overhead costs. Although the 2016 business environment will be extremely challenging with continued competitive pressure, we are confident in achieving our 2016 business targets.”

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