THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

Higher costs expected to hurt Church & Dwight 2Q results

Email|Print|Single Page| Text size – +
May 6, 2008

PRINCETON, N.J.—Church & Dwight Co., which makes Arm & Hammer products and other consumer products, said Tuesday it expects higher costs in upcoming quarters and gave second-quarter guidance below expectations.

A shift in timing of the payment of slotting costs -- paying for a premium location at retail locations -- for new products and a diesel fuel hedging program will lead to higher costs, the Princeton, N.J.-based company said.

It predicts earnings of 61 cents per share in the second quarter, while analysts polled by Thomson Financial, on average, expect earnings of 69 cents per share.

The company said it will use 13 percent of sales for marketing during the quarter to promote its Arm & Hammer, Trojan, SpinBrush, OxiClean and First Response brands.

The company reaffirmed fiscal-year earnings guidance of $2.77 per share. Analysts expect $2.80 per share.

© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

more stories like this

  • Email
  • Email
  • Print
  • Print
  • Single page
  • Single page
  • Reprints
  • Reprints
  • Share
  • Share
  • Comment
  • Comment
 
  • Share on DiggShare on Digg
  • Tag with Del.icio.us Save this article
  • powered by Del.icio.us
Your Name Your e-mail address (for return address purposes) E-mail address of recipients (separate multiple addresses with commas) Name and both e-mail fields are required.
Message (optional)
Disclaimer: Boston.com does not share this information or keep it permanently, as it is for the sole purpose of sending this one time e-mail.