U.S. stocks lower as investors rotate out of tech ahead of Jackson Hole
In a challenging market environment, Church & Dwight Co., Inc. (NYSE:CHD) stock has touched a 52-week low, dipping to $93.43. The consumer goods giant, known for household names like Arm & Hammer, has faced headwinds that have pushed its shares to the lowest price level seen in the past year. Despite a robust portfolio of products that typically perform well in various economic conditions, Church & Dwight has not been immune to the broader market pressures. Over the past year, the stock has seen a decline of 6.18%, reflecting investor concerns over factors such as rising input costs and shifting consumer spending habits. This latest price point presents a critical moment for investors watching the company’s performance closely.
In other recent news, Church & Dwight Co., Inc. reported first-quarter earnings that slightly exceeded analyst expectations, with adjusted earnings per share of $0.91 compared to the consensus of $0.90. However, the company’s revenue fell short, declining 2.4% year-over-year to $1.47 billion, missing the anticipated $1.51 billion. The company also provided weaker-than-expected guidance for the second quarter, forecasting earnings of $0.85 per share, below the analyst estimate of $0.95. Church & Dwight announced strategic decisions to shut down or sell its Flawless, Spinbrush, and Waterpik showerhead businesses, which contribute approximately $150 million in annual sales but have below-average profitability. The company expects to incur a second-quarter charge of $60 to $80 million related to these actions. Additionally, Church & Dwight projects a 12-month gross tariff impact of about $190 million but plans to reduce this exposure by approximately 80% through portfolio and supply chain strategies. For the full year 2025, the company forecasts organic sales growth of 0% to 2% and adjusted EPS growth of 0% to 2%. The company cited slowing category growth in the U.S. market and retailers reducing inventory levels as factors impacting sales. Despite these challenges, CEO Rick Dierker noted that the company’s brands continue to perform well in a slowing consumption environment.
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