Consumer goods company Church & Dwight Co., Inc. (NYSE: CHD) reported higher adjusted earnings and revenues for the second quarter of 2024. The company also provided guidance for fiscal 2024.
Second-quarter sales increased by 3.9% annually to $1.51 billion: domestic sales rose 3.8% and international sales increased by 9%There was a 4.7% growth in organic sales; domestic and international sales grew 3.8% and 9.3%, respectivelyQ2 net income increased to $243.5 million or $0.99 per share from $221.2 million or $0.89 per share last yearAdjusted earnings increased to $0.93 per share in Q2 from $0.92 per share in the year-ago periodFor fiscal 2024, the management expects net sales to grow 3.5% year-over-year and organic sales to rise 4.0%Adjusted gross margin is expected to expand between 100 and 110 bps in fiscal 2024Full-year earnings per share is expected to grow 12-13%, and adjusted earnings per share to be up 8-9%
