10.02.17
Church & Dwight Co., Inc. said Q2 net sales grew 2.3% to $898 million. The consumer domestic group reported net sales rose 1.3% to $678.2 million. Growth in Arm & Hammer liquid and unit dose laundry detergents, Oxiclean laundry detergent and stain fighters and Batiste dry shampoo was offset by declines in Xtra laundry detergent. Consumer international reported net sales rose 6.4% to $145.1 million.
Chief executive officer Matthew Farrell 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.”
In July 2017, the company signed a definitive agreement to acquire Water Pik, Inc., the market leader in water-jet technology in both oral water flossers and replacement showerheads, for approximately $1 billion in cash. The transaction is expected to close in the third quarter.
Chief executive officer Matthew Farrell 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.”
In July 2017, the company signed a definitive agreement to acquire Water Pik, Inc., the market leader in water-jet technology in both oral water flossers and replacement showerheads, for approximately $1 billion in cash. The transaction is expected to close in the third quarter.