Church & Dwight third quarter results boosted by higher prices

Church & Dwight third quarter results boosted by higher prices

The maker of Batiste dry hair shampoo Church & Dwight has reported better-than-expected third quarter results due to a volume climb of 2.2 percent and by 1.0 percent favorable product mix and pricing.

In the latest quarter sales of speciality products rose 2.9 percent to $80 million while consumer domestic sales grew 4.7 percent to $656.4 million. This was driven by sales of Batiste dry hair shampoo among other products such as liquid laundry detergents.

Sales for the company have grown during the past few years thanks in part to more cost-conscious consumers seeking mass market brands. However, increased competition from the likes of Procter and Gamble will continue to challenge the company.

Consumer international sales for the company fell 8.4 percent to $124.7 million due to foreign exchange volatility. Meanwhile overall the company posted a profit of $120.4 million, up from $115.9 million.

 

 

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