1st February 2021
Church & Dwight has reported that its sales grew 12.3% to $4.9bn during 2020 after it experienced surging consumer demand for many of its cleaning and personal care products during the pandemic.
The US firmâs performance was particularly strong in the fourth quarter with sales up 13.2% to $1.3bn. Organic sales growth of 10.8% exceeded the companyâs outlook of 8%, driven by volume growth of 10.3% and positive price and product mix of 0.5%
Church & Dwight highlighted that growth was led by its brands such as Vitafusion and Lâil Critters gummy vitamins, Arm & Hammer liquid laundry detergent, Waterpik oral care products, Oxiclean stain fighter powder, Arm & Hammer clumping cat litter and baking soda, Viviscal hair thinning, and Kaboom bathroom cleaners.
Chairman, President, Chief Executive Officer
Thank you all for joining us today. I m going to begin with the safe harbor statement. I recommend that you read it at your leisure. We have our entire management team on the call today available for Q&A after the formal pitch. We have a lot of slides and several presenters but I m going to give you the short story upfront.
2020 was a turbulent year. We emerged from 2020 much stronger as a company. We like to say that we do our best work and we re going to jam. That s true for 2020. We protected our people, we found a way to run the plants and warehouses safely, we set production and shipping records, we figured out how to make hand sanitizer in our U.K. plant, we operated the company with 2,000 remote employees, we pivoted our marketing messages to support a 60% increase in e-commerce sales, we installed the new packaging lines with the assistance of off-site engineers using Google classes, we added overflow warehouses, and we validated
Press release content from Business Wire. The AP news staff was not involved in its creation.
Church & Dwight Reports Q4 And Full Year Results
January 29, 2021 GMT
EWING, N.J. (BUSINESS WIRE) Jan 29, 2021
Church & Dwight Co., Inc. (NYSE: CHD) today announced reported full year 2020 EPS increased 27.9% to $3.12 per share. Adjusted EPS, which excludes a positive acquisition related earn-out adjustment, grew 14.6% to $2.83, exceeding the Company’s outlook of 13%. 2
Full year net sales grew 12.3% to $4,895.8 million. The Company continues to experience a significant increase in consumer demand for many of its products, primarily in response to the COVID-19 pandemic. Volume growth was driven by higher consumption. Organic sales grew 9.6% driven by volume growth of 8.1% and positive product mix and pricing of 1.5%.