Church and Dwight has announced its financial results for the second quarter of 2016, during which it achieved further year-on-year sales growth.
The company's sales total for the three-month period was $877.4 million (674.63 million pounds), up by 3.6 percent year over year, or 3.7 percent on an organic basis. Meanwhile, its earnings per share were up by 54.5 percent to $0.85.
“Church and Dwight has achieved another quarter of strong results during Q2 2016.“
Its Vitafusion, Batiste, Oxiclean and Arm and Hammer brands continued to be major drivers of growth, with the launch of new product offerings helping to drive momentum and offset a decline in its Kaboom cleaner business.
For the first six months of the year, the firm's sales came to $1.73 billion, up from $1.66 billion for the first half of 2015. Its reported and organic sales for the full year are expected to be between three and four percent higher than in 2015.
Matthew Farrell, president and chief executive officer of Church and Dwight, said: "We are extremely pleased with our sales and earnings growth, as our strong momentum has continued. Our first-half gross margin expansion gives us flexibility with respect to our second-half marketing and promotional investments."
He noted that the company's current outlook can be considered top-tier within the consumer packaged goods industry.
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