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（紐約證券交易所代碼：CHD）報告稱，24財年第一季度銷售額同比增長5.1％，達到15.0億美元，超過了分析師共識估計的14.9億美元。
Organic sales increased 5.2%, driven by volume of 3.7% and positive product mix and pricing of 1.5%.
受3.7％的銷量和1.5％的積極產品組合和定價的推動，有機銷售增長了5.2％。
Net sales from Consumer Domestic increased 4.3% Y/Y, Consumer International grew 10.6%, and Specialty Products climbed 1%.
國內消費品淨銷售額同比增長4.3％，國際消費者協會增長10.6％，特種產品增長1％。
Adjusted EPS of $0.96 beat the consensus estimate of $0.87.
調整後的每股收益爲0.96美元，超過了市場普遍預期的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.
毛利增長了10.4％，達到6.87億美元。除去製造成本上漲的影響，毛利率同比增長220個點子至45.7％，這要歸因於生產率、數量、結構和定價的提高。
The operating income for the quarter was $305 million, with an operating margin of 20.3%.
該季度的營業收入爲3.05億美元，營業利潤率爲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，該公司持有3.497億美元的現金及等價物。本季度經營活動提供的淨現金總額爲2.63億美元。
Outlook: Church & Dwight continues to expect FY24 net sales and organic sales growth of 4% – 5%
展望：Church & Dwight繼續預計，24財年的淨銷售額和有機銷售額將增長4％至5％
The company revised adjusted EPS growth guidance from 7% – 9% to 8% – 9%.
該公司將調整後的每股收益增長預期從7％—9％上調至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.
該公司預計，第二季度報告的銷售增長約爲3.5％，有機銷售增長約4.0％，這反映了支持新產品的優惠券的增加。
The company expects second-quarter adjusted EPS of $0.83 per share (estimate $0.92), down 10% versus last year.
該公司預計，第二季度調整後的每股收益爲0.83美元（估計爲0.92美元），比去年下降10％。
Price Action: CHD shares closed lower by 1.51% at $106.26 on Wednesday.
價格走勢：CHD股價週三收盤下跌1.51％，至106.26美元。