Church & Dwight Co Inc
CHD: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| gg | LOCK|?XC | LOCK|><dM#yg |
Church & Dwight Earnings: Sales and Margins Weak; Category Composition Poised to Shift; Shares Rich
Sales growth languished at Church & Dwight, ticking up just 0.1% in the second quarter, reflecting a 0.8% benefit from higher volumes that mainly was offset by a 0.7% erosion in prices and unfavorable mix. Margin pressure ensued, with the adjusted gross margin off 40 basis points to 45%.
