Church & Dwight, a consumer goods company based in Ewing, N.J., is set to release its earnings report for the second quarter on Friday. Analysts predict robust revenue and adjusted earnings for the period.
Revenue Outlook
According to FactSet, Church & Dwight is expected to report second-quarter revenue of $1.42 billion. This represents a significant increase from the $1.33 billion reported during the same period last year.
Adjusted Earnings Forecast
FactSet estimates that Church & Dwight’s earnings per share, excluding one-time items, will be around 80 cents. This reflects the company’s continuous growth and strong performance in the consumer goods sector.
Factors to Consider
Outlook for the Year
Investors will be closely monitoring Church & Dwight’s outlook for the remainder of the year. In a recent announcement, the company revised its full-year sales and adjusted earnings estimates, taking into account a promising first quarter and high demand. Church & Dwight expects sales growth of 6% to 7% in 2023 and adjusted earnings growth of 2% to 4%.
Pricing and Volumes Analysis
The market will scrutinize the pricing strategies employed by Church & Dwight during the second quarter as an indication of its sales performance relative to volumes. In the first quarter, the company experienced organic sales growth of 5.7%, primarily driven by a 5.7% increase in price. However, volume remained stable compared to the previous year.
Consumer Spending Trends
Church & Dwight will also provide insights into consumer spending habits across its customer base. In the previous quarter, CEO Matthew Farrell noted that strong revenue growth was directly attributed to robust consumer demand.
