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

 
• By Malcolm Spicer

“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.

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