Church & Dwight's (CHD) International Unit To Aid Q4 Earnings
Zacks Investment Research | Jan 28, 2019 10:06PM ET
Church & Dwight Co., Inc. (NYSE:CHD) is slated to release fourth-quarter 2018 results on Feb 5. This provider of household, personal care and specialty products boasts a splendid surprise history. It has topped sales and earnings estimates for five and eight straight quarters, respectively. Let’s see what’s in store for the company this time around.
Organic Sales & Strong International Unit to Fuel Results
Church & Dwight’s organic sales are a key growth catalyst. Focus on innovation, improved volumes, positive product mix and pricing are fueling organic sales. Moreover, for 2018, organic sales are anticipated to rise 4%. This raises our expectations for the fourth quarter as well.
Markedly, the company’s consumer international business has been consistently contributing to the advancement in organic sales. Some of the yielding brands in this category are BATISTE, VITAFUSION, ARM & HAMMER and FEMFRESH. We note that ARM & HAMMER has become the company’s biggest international brands and is well placed to grow further in emerging markets. Further, the company’s international business gains from acquisitions and broad-based sales growth for household and personal care products.
With regard to buyouts, the company has acquired a number of premium high-margin brands over time. These businesses have been boosting the company’s revenues. Some of the noteworthy acquisitions are Waterpik, Agro BioSciences and VIVISCAL. Notably, the Zacks Consensus Estimate for sales in the segment is pegged at $177 million, reflecting a rise from $170 million in the year-ago quarter.
Church & Dwight Co., Inc. Price, Consensus and EPS Surprise
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