Earnings release
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& CHURCH WIGHT TM CO . , INC TM Church & Dwight Reports Q1 Results April 29 , 2021 2021 First Quarter Results • Net Sales + 6.3 % : Domestic + 5.8 % , Int'l + 9.0 % , SPD + 6.0 % . Organic sales + 4.9 % : Domestic + 5.1 % , Int'l + 3.2 % , SPD + 6.0 % • EPS -4.3 % ; Adjusted " Flat " 2021 Full Year Outlook • Raises Net Sales growth to + 5-6 % ; Raises Organic to + 4-5 % • Adjusted EPS : $ 3.00- $ 3.06 ( +6 to + 8 % ) 1 • Cash from operations approx . $ 1 billion EWING , N.J .-- ( BUSINESS WIRE ) -- Apr . 29 , 2021-- Church & Dwight Co. , Inc. ( NYSE : CHD ) today announced first quarter net sales grew 6.3 % to $ 1,238.9 million . The Company continues to experience a significant increase in consumer demand for many of its products . Volume growth was driven by higher consumption . Organic sales grew 4.9 % driven by volume growth of 3.1 % and positive product mix and pricing of 1.8 % . First quarter 2021 EPS decreased 4.3 % to $ 0.88 per share . Adjusted EPS , which excludes a positive acquisition related earn - out adjustment , was flat at $ 0.83 , exceeding the Company's adjusted outlook of $ 0.80.2 Matthew Farrell , Chief Executive Officer , commented , " I'd like to recognize all Church & Dwight employees around the world for their continued dedication to helping us successfully navigate the difficult environment , especially our Supply Chain and R & D teams as during this quarter the Company faced additional complexities of raw material shortages as a result of the Texas freeze . " Our brands once again delivered strong consumption in Q1 . We experienced double - digit consumption growth in many domestic categories , especially gummy vitamins , pregnancy test kits , women's electric grooming , battery toothbrush , and toothache . The double - digit gummy vitamin growth is on top of strong growth a year ago . Existing households are consuming more vitamins and household penetration of gummy vitamins has increased . In our International business despite many countries experiencing lockdowns , organic revenues grew 3.2 % , led by our Global Markets Group . Overall , online sales grew 54 % and as a percentage of total sales were 14.8 % in Q1 compared to 10.2 % in 2020 . " In the first quarter , many key raw materials were in short supply due to the Texas freeze and container shortages . We continued to serve our customers thanks to the efforts of our Supply Chain and R & D teams . Raw material and transportation costs began rising in February and these cost pressures were further exacerbated due to the Texas freeze causing prices to spike further . We expect the tight supply and higher input costs to continue for the balance of the year . We have announced pricing actions in laundry and in our International businesses and also plan to reduce promotional spending to help mitigate increased costs . " First Quarter Review Consumer Domestic net sales were $ 942.4 million , a $ 51.4 million or 5.8 % increase driven by household and personal care sales growth and acquisitions . Organic sales increased 5.1 % due to higher volume ( + 3.3 % ) and positive price and product mix ( + 1.8 % ) . Growth was led by VITAFUSIONⓇ and L'IL CRITTERS Ⓡ gummy vitamins , WATERPIKⓇ oral care products , FLAWLESS® beauty products , ARM & HAMMERⓇ clumping cat litter , KABOOMⓇ bathroom cleaners , and VIVISCALⓇ hair thinning . Consumer International net sales were $ 216.4 million , a $ 17.8 million or a 9.0 % increase , primarily driven by the Global Markets Group organic growth and the impact of currency . Despite European lockdowns , organic sales increased 3.2 % due to higher volume ( + 3.5 % ) , partially offset by price and product mix ( -0.3 % ) . Organic sales were driven primarily by WATERPIK , ARM & HAMMER liquid laundry detergent , OXICLEANⓇ stain fighter , and FEMFRESHⓇ intimate wash in the Global Markets Group , WATERPIK in Germany , and ANUSOLⓇ hemorrhoidal products in the U.K.