Gummy Vitamins, Waterpik Are Few Drags for Church & Dwight -- Market Talk

Dow Jones05-03

1526 ET - Church & Dwight says a few product lines are dragging on otherwise strong organic growth. CEO Matthew Farrell says on a call with analysts that organic growth was down in the company's Waterpik and gummy vitamins businesses in 1Q. He says consumers bought fewer Waterpik-branded showerheads, and retailers reduced their inventory for Waterpiks. Farrell says Church & Dwight's gummy vitamins saw worse consumption trends than the overall category. The company is trying to change packaging and messaging around the vitamins to boost sales. Organic sales at the overall company were up 5.2% in 1Q. Shares are down 0.3% to $105.90. (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

May 02, 2024 15:26 ET (19:26 GMT)

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