Church & Dwight
CHD exceeded its outlook with stronger than expected sales growth and gross margin expansion. Earnings reported last week showed second quarter net sales grew 9.7% to $1.454.2 Bill and gross margin expanded by 270 basis points. CHD continues to experience strong consumer demand across its portfolio. In addition organic sales grew 5.4% driven by positive product mix and pricing of 5.8% while volume was down slightly but exceeded expectations. Pullbacks here become opportunities for potential directionally long trade and using the most recent pullback just below 94.70 as a potential rebound zone. Most of the earnings summary can be located on here investor.churchdwight.com/static-files/571f7e22-549d-416f-90e8-5289d1ecc9b3
Staying long from 94.91 with a stop just below the most recent major swing-low at 94.39 and in search of a profit target at 102.67.
Staying long from 94.91 with a stop just below the most recent major swing-low at 94.39 and in search of a profit target at 102.67.
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