Shares of Church & Dwight Co., Inc. (NYSE:CHD) ended Friday session in red amid volatile trading. The shares closed down -1.12 points or -2.03% at $47.39 with 257.60 million shares getting traded. Post opening the session at $48.40 the shares hit an intraday low of $47.38 and an intraday high of $48.40 and the price vacillated in this range throughout the day. The company has a market cap of $12.05 billion and the numbers of outstanding shares have been calculated to be 257.60 million shares.
Church & Dwight Co., Inc. (CHD) on August 4, 2016 announced second quarter 2016 EPS of $0.85 per share, a 54.5% increase or a 16.4% increase on an adjusted basis over the prior year quarter exceeding the Company’s prior outlook. Driven by 3.7% organic sales growth and gross margin expansion, this equates to 17.8% currency neutral adjusted EPS growth. Organic sales growth for the global consumer business was 4.9%. Adjusted EPS results excludes both a pension settlement charge ($0.05) and an impairment charge ($0.13) associated with the Company’s investment in a joint venture in 2015.
Second quarter 2016 reported net sales increased $30.3 million or 3.6% to $877.4 million. 3.7% organic sales growth was driven by volume growth of 3.1% and 0.6% from favorable product mix and pricing.
Matthew T. Farrell, President and Chief Executive Officer, commented, “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. We continue to believe that innovation is the key to increasing our market share and have launched new products in many of our major categories including BATISTE, the #1 global dry shampoo, and ARM & HAMMER bi-layer and dual chamber unit dose laundry detergent.”
Shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) ended Friday session in red amid volatile trading. The shares closed down -2.62 points or -2.83% at $89.84 with 185.40 million shares getting traded. Post opening the session at $91.93 the shares hit an intraday low of $89.83 and an intraday high of $91.93 and the price vacillated in this range throughout the day. The company has a market cap of $16.56 billion and the numbers of outstanding shares have been calculated to be 185.40 million shares.
Dr Pepper Snapple Group Inc. (DPS) on Aug. 11, 2016 announced that its Board of Directors declared a quarterly dividend of $0.53 per share on the company’s common stock. The dividend is payable in U.S. dollars on October 5, 2016, to shareholders of record on September 13, 2016.