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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%.
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Southeastern Grocers postpones IPO
Just after announcing plans for its initial public offering, Southeastern Grocers is putting a temporary stop to the whole thing.
The Jacksonville, Fla.-based retailer announced that for now the process will be postponed and it will continue to evaluate the timing for the offering as market conditions develop.
Southeastern Grocers has also filed a registration statement relating to the proposed scale of these securities that has been filed with the United States Securities and Exchange Commission but is not yet effective.
Currently, the securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective, the company said.
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