Church & Dwight reports Q1 adjusted EPS 91c, consensus 90c

Reports Q1 revenue $1.47B, consensus $1.51B. Rick Dierker, Chief Executive Officer, commented, “In an environment of slowing consumption, our brands are performing well. We continue to drive both dollar and volume share gains across most of our brands. Our balanced portfolio of value and premium products keep us well positioned to navigate this environment. “In the first quarter, the Domestic Division declined 3.0% organically, as retailers reduced inventory levels (~300 basis point impact) and consumption slowed. However, the majority of our brands once again outperformed the category with four of our seven power brands growing share. The International Division organic growth was 5.8%, driven by growth in our subsidiaries. Our Specialty Products Division grew organic sales 3.2%. Further, our momentum with e-commerce growth continued with global online sales representing 22.9% of total consumer sales in Q1.”