Summary
This 8-K filing from Church & Dwight Co., Inc. (CHD) serves as an amendment to a previous filing to correct its full-year 2017 net sales growth outlook. The company now expects reported net sales growth of approximately 4% for the full year ending December 31, 2017. This revised outlook includes an approximate 1% impact from completed acquisitions and foreign exchange rate changes. Importantly, this 4% net sales growth forecast does not incorporate the impact of the then-recently announced acquisition of Water Pik, Inc. Investors should note that this update focuses solely on the sales outlook revision, with no other changes made to the original press release or the prior 8-K filing. The company reiterates its forward-looking statements, highlighting potential risks and uncertainties that could affect actual results.
Key Highlights
- 1Church & Dwight revised its full-year 2017 net sales growth forecast upwards to approximately 4%, from a previously stated 3%.
- 2The updated net sales growth guidance includes a ~1% contribution from acquisitions and foreign exchange rate fluctuations.
- 3The net sales growth outlook does NOT include the impact of the recently announced Water Pik, Inc. acquisition.
- 4This filing is an amendment to correct information regarding the 'Outlook' section of the original press release.
- 5No other aspects of the original press release or the prior 8-K filing were altered.
- 6The company continues to emphasize forward-looking statements, acknowledging inherent risks and uncertainties.
- 7This report is furnished, not filed, and will not be incorporated into registration statements unless specifically stated.