Church & Dwight Forecasts Ambitious Gummy Supplement Growth In 2013
This article was originally published in The Rose Sheet
Church & Dwight reports strong third quarter, with reported sales up 3.5% to $725.2 million and net income up 18% to $93.9 million. Princeton, N.J.-based firm expects Arm & Hammer Tooth Tunes to perform well in remainder of year.
Recently acquired Avid Health, maker of L’il Critters and Vitafusion gummy supplements, is expected to contribute a third of Church & Dwight’s earnings-per-share growth in fiscal 2013, the consumer goods firm says in its Q3 earnings report. Personal-care sales were roughly flat in the third quarter, after being down in previous quarters.