Church & Dwight Cuts Outlook Due To Rising Costs, Adds Suppliers To Strengthen ‘Weak Links’

“We expect higher input costs and transportation costs to remain elevated for the rest of the year,” says CEO Matthew Farrell. Firms lowers full-year outlook for net sales growth from previous range of 5% to 6% to around 5%.

Church & Dwight Co. Inc.’s consumer health and personal care product sales grew 13% to drive overall 6.4% net sales growth in its latest quarter but the firm lowers its full-year forecast because it sees costs growing as fast or faster.

“Our outlook implies that the commodities [costs] stay where they're at today. We're not banking on a decline or a...

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