Church & Dwight reports Q2 EPS 94c, consensus 86c

Reports Q2 revenue $1.506B, consensus $1.49B. Rick Dierker, CEO, commented, “Our brands continue to perform well in this dynamic environment. We continue to drive both dollar and volume share gains across most of our brands. Our balanced portfolio of value and premium products and our relentless focus on innovation continues to position us well for the future. Importantly, we began to see category growth levels improve sequentially through the second quarter, which provides further confidence in our full year outlook. In the Q2, the Domestic Division declined 1.0% organically, which was an improvement from the first quarter. The majority of our brands once again outperformed their categories with 5 of our 7 power brands growing share. The International Division organic growth was 4.8%, driven by share gains leading to growth in all subsidiaries and the global markets group. Our Specialty Products Division grew organic sales 0.1%. We increased our marketing investment during the quarter by 30 basis points versus prior year, helping to drive consumption and share gains across our brands. Our momentum in e-commerce continued with global online sales representing 23% of total consumer sales in Q2 versus 22% last year.”