Church & Dwight Q1
This article was originally published in The Tan Sheet
Executive Summary
Consumer products firm to reinvest "a high percentage" of benefits from Carter-Wallace acquisition in marketing, product development, CEO Robert Davies tells analysts May 6. Strategy will "moderate profit growth for the next two or three quarters," firm says. Upcoming initiatives include ad, marketing support to boost flat Arrid sales, slumping oral care business. Net sales jumped 52% to $353.3 mil. in Q1; net income rose 23% to $14.9 mil. Excluding Armkel, C&D sales increased 13.2% to $256.8 mil. Arrid addition helped push consumer revenue up 15.9% to $212.8 mil...