Church and Dwight exceeds expectations in first quarter of 2017

Church and Dwight has announced better-than-expected financial results for the first quarter of 2017.

The company saw its reported net sales for the quarter rise by 3.3 percent year over year to $877.2 million (677.08 million pounds), while adjusted earnings per share exceeded forecasts, rising by 20.9 percent to $0.52.

Consumer brands such as Arm and Hammer, Batiste and Femfresh were all cited as key drivers of growth during the period, with the launch of several new products proving successful.

The acquisition of Agro BioSciences for up to $100 million is also expected to help drive future momentum by complementing the Church and Dwight's existing animal productivity business.

For the full year, the company expects reported and organic sales growth of approximately three percent, with a year-on-year improvement of between one and two percent in the second quarter.

Matthew Farrell, chief executive officer of Church and Dwight, said: "2017 will be an exciting year for Church and Dwight, based on our continued focus on innovation and confidence in gross margin expansion."

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