Consumer Goods Company Church & Dwight Predicts Weaker Bottom-Line For Q2 With Moderate Gross Margin Expansion
Consumer Goods Company Church & Dwight Predicts Weaker Bottom-Line For Q2 With Moderate Gross Margin Expansion
Church & Dwight Co Inc (NYSE:CHD) reported first-quarter FY24 sales growth of 5.1% year-on-year to $1.50 billion, beating the analyst consensus estimate of $1.49 billion.
Church & Dwight Co Inc（纽约证券交易所代码：CHD）报告称，24财年第一季度销售额同比增长5.1％，达到15.0亿美元，超过了分析师共识估计的14.9亿美元。
Organic sales increased 5.2%, driven by volume of 3.7% and positive product mix and pricing of 1.5%.
受3.7％的销量和1.5％的积极产品组合和定价的推动，有机销售增长了5.2％。
Net sales from Consumer Domestic increased 4.3% Y/Y, Consumer International grew 10.6%, and Specialty Products climbed 1%.
国内消费品净销售额同比增长4.3％，国际消费者协会增长10.6％，特种产品增长1％。
Adjusted EPS of $0.96 beat the consensus estimate of $0.87.
调整后的每股收益为0.96美元，超过了市场普遍预期的0.87美元。
Gross profit increased 10.4% to $687 million. The gross margin expanded 220 basis points Y/Y to 45.7% due to improved productivity, volume, mix and pricing, net of the impact of higher manufacturing costs.
毛利增长了10.4％，达到6.87亿美元。除去制造成本上涨的影响，毛利率同比增长220个基点至45.7％，这要归因于生产率、数量、结构和定价的提高。
The operating income for the quarter was $305 million, with an operating margin of 20.3%.
该季度的营业收入为3.05亿美元，营业利润率为20.3％。
The company held $349.7 million in cash and equivalents as of March-end. Net cash provided by operating activities for the quarter totaled $263 million.
截至3月底，该公司持有3.497亿美元的现金及等价物。本季度经营活动提供的净现金总额为2.63亿美元。
Outlook: Church & Dwight continues to expect FY24 net sales and organic sales growth of 4% – 5%
展望：Church & Dwight继续预计，24财年的净销售额和有机销售额将增长4％至5％
The company revised adjusted EPS growth guidance from 7% – 9% to 8% – 9%.
该公司将调整后的每股收益增长预期从7％—9％上调至8％—9％。
For the second quarter, the company expects reported sales growth of approximately 3.5% and organic sales growth of approximately 4.0%, reflecting higher couponing in support of new products.
该公司预计，第二季度报告的销售增长约为3.5％，有机销售增长约4.0％，这反映了支持新产品的优惠券的增加。
The company expects second-quarter adjusted EPS of $0.83 per share (estimate $0.92), down 10% versus last year.
该公司预计，第二季度调整后的每股收益为0.83美元（估计为0.92美元），比去年下降10％。
Price Action: CHD shares closed lower by 1.51% at $106.26 on Wednesday.
价格走势：CHD股价周三收盘下跌1.51％，至106.26美元。