By Rob Curran
Shares of Church & Dwight fell sharply after the consumer-staples firm warned of tariff costs and cut its 2025 adjusted-earnings and sales growth projections, citing the "tentativeness of the U.S. consumer."
The maker of Arm & Hammer detergent, OxiClean stain remover and other products cut its projection for 2025 organic sales growth to a range of about 0%-to-2% from a prior estimate of 3%-to-4%. Church & Dwight no longer anticipates a snapback in sales following destocking at retailers in the first quarter as it sees macroeconomic uncertainty weighing on demand. Organic sales tallies exclude revenue from acquisitions and other items. The company also expected adjusted earnings-per-share growth of 0%-to-2% from $3.44 a share in 2024.
Church & Dwight warned it anticipates gross tariff costs of $190 million for the year.
For the second quarter, Church & Dwight projects adjusted earnings of 85 cents a share, with sales at best flat with a year earlier, and at worst, down 2%.
For the first quarter, Church & Dwight logged earnings of $220.1 million, or 89 cents a share, down from $227.7 million, or 93 cents a share, a year earlier.
Revenue fell 2.4% to $1.47 billion.
The company shares fell 6% to $93.50 in premarket trading.
Write to Rob Curran at rob.curran@wsj.com
(END) Dow Jones Newswires
May 01, 2025 08:42 ET (12:42 GMT)
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