08.03.17
Church & Dwight Co., Inc. posted second quarter 2017 net sales grew 2.3% to $898 million. Consumer domestic reported net sales rose 1.3% to $678.2 million. Growth in Arm & Hammer liquid and unit dose laundry detergents, Oxiclean laundry products and Batiste dry shampoo was offset by declines in Xtra laundry detergent. Consumer international reported net sales soared 6.4% to $145.1 million.
Matthew Farrell, chief executive officer, commented, “We are pleased with our organic sales growth. In the domestic business, market share gains and volume growth reflect the investments made in the quarter. Our targeted investment spending translated into significant share growth with 6 out of 10 power brands exceeding or meeting category growth. We continue to invest in our growing International business. In particular, we are establishing a new subsidiary in Germany in the third quarter. We have delivered strong first half results and are on track to achieve our full year revenue and earnings goals.”
Last month, the company signed a definitive agreement to acquire Water Pik, Inc., as reported in Happi.
Matthew Farrell, chief executive officer, commented, “We are pleased with our organic sales growth. In the domestic business, market share gains and volume growth reflect the investments made in the quarter. Our targeted investment spending translated into significant share growth with 6 out of 10 power brands exceeding or meeting category growth. We continue to invest in our growing International business. In particular, we are establishing a new subsidiary in Germany in the third quarter. We have delivered strong first half results and are on track to achieve our full year revenue and earnings goals.”
Last month, the company signed a definitive agreement to acquire Water Pik, Inc., as reported in Happi.
