Consumer Domestic, which is CHD’s largest unit, saw net sales growth of 7.6%. Business growth was led by Arm & Hammer.
Net sales for the consumer goods company rose 7.2% to $1.04 billion, ahead of the consensus forecast of $1.02 billion. Organic sales grew 4.7% driven by global consumer products growth of 5.4%.
For 2018, the company now expects organic sales growth to be about 4%, up from its previous estimate of 3.5%. It still expects sales growth to exceed 9% for the full year.
For Q4, CHD expects earnings of 57 cents per share, which makes the full-year total $2.27 per share. The stock us up about 8% this morning.