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Online hits 24% of consumer sales as Church & Dwight beats Q1 view
Church & Dwight Co., Inc. (NYSE: CHD) exceeded its first-quarter outlook, reporting a 0.2% increase in net sales and a 5.0% organic sales growth, driven by strong innovation and distribution. The company’s global online sales now account for 24% of total consumer sales, and it reaffirmed its full-year outlook for organic sales growth of 3% to 4% and adjusted EPS growth of 5% to 8%. New product launches, particularly in THERABREATH™, ARM & HAMMER™ Cat Litter, HERO™, and TROJAN™, are expected to contribute significantly to organic growth.