Church & Dwight, the UK beauty conglomerate that owns pearl drops, femfresh, Nair, Batiste and Arm & Hammer among others, has announced a strong set of Q3 2015 results.
The company generated net sales of $861.8m, an increase of 2.4% or $20m on the same period the year before. EPS also grew by 5.9% to $0.90 “driven by strong organic sales and gross margin expansion”, the company noted. In the consumer sector, Church & Dwight saw net sales grow 4.7% to $656.4m. It put the growth down to its Batiste dry shampoo brand, as well as pet, vitamin and cleaning products.
James Craigie, Chairman and Chief Executive Officer of Church 7 Dwight, said: “We are extremely pleased with the sales and earnings growth in the third quarter. Our strong organic growth was driven by innovative new products launched in all of our major categories as we believe that innovation is the key to increasing our market share and reviving category growth in this challenging economy.” He added: "We continue to believe that innovation is the key to driving both improved category growth and our share results."
Looking ahead, Craigie anticipates organic sales growth of roughly 1% on top of the 5.2% achieves in Q4 2014.
