Church & Dwight Posts Strong Net Sales Growth In First Quarter Of 2016

Church & Dwight Co., Inc., reported net sales increased 4.5 percent to $849 million in the first quarter of 2016, compared with the same quarter in the previous year. Earnings per share rose 7.5 percent to $0.86, which was better than the compmany previous forecast. Organic sales grew 5.2 percent, boosted by volume growth of 5.6 percent and offset in part by 0.4 percent from unfavorable product mix and pricing. Consumer domestic net sales increased 5.4 percent to $647.8 million, with organic sales rising 4.5 percent due to strong growth in sales of brands, including Arm & Hammer liquid laundry detergent, Vitafusion gummy vitamins, and Batiste dry shampoo. Consumer international net sales rose 5.8 percent to $127.4 million.