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CHURCH & DWIGHT CO., INC.

(CHD)
  Report
Delayed Nyse  -  04:03 2022-11-28 pm EST
79.49 USD   +0.76%
11/14CHURCH & DWIGHT CO., INC. : Ex-dividend day for
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11/07Argus Upgrades Church & Dwight Co to Buy From Hold With $78 Price Target
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CHURCH & DWIGHT : DE/ MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)

07/30/2021 | 12:36pm EST

Recent Developments

COVID-19 and Other Recent Developments

The COVID-19 pandemic continues to impact certain of our businesses. During the second quarter ended June 30, 2021, as certain government restrictions were reduced or removed, we began to experience increased demand for certain product categories, mainly in the United States, including WaterPik water flossers, Batiste dry shampoo, Nair depilatories, Trojan condoms, and A&H cat litter, in particular, that had been negatively impacted by the temporary and permanent closures of certain retailers, reduced consumer foot traffic at retailers, and COVID-19 related precautionary measures. Overall, we have continued to experience increased online sales.

We are experiencing challenges to meet customer demand and significant inflation of manufacturing and distribution costs due to shortages in supplier labor and many key raw and packaging materials as well as transportation challenges experienced by our suppliers and third-party manufacturers due primarily to the pandemic. We expect this input cost inflation to continue for the remainder of 2021. Accordingly, we have taken steps to increase short-term manufacturing capacity for our cleaning products (including laundry detergent, baking soda, and cleaners) and health care products (including vitamins), and continue to work closely with our suppliers, contract manufacturers and retail partners to ensure sustained supply to keep pace with increased demand. We have also made investments in the expansion of long-term, in-house and third-party manufacturing capacity and are working to qualify additional suppliers. To attempt to offset some of these cost pressures, we have recently enacted and continue to evaluate price increases and have reduced marketing and promotional spending. There is no assurance that these challenges will abate in the near future or that our customers will accept all or a portion of these price increases or that the other measures we have or may implement will mitigate the impact of supply disruptions or rising costs.

The extent of COVID-19's effect on our operational and financial performance in the future will depend on future developments, including the duration, spread and intensity of the pandemic, the spread and severity of new variants, the impact of vaccines, and our continued ability to manufacture and distribute our products, as well as any future government actions affecting consumers and the economy generally, all of which are uncertain and difficult to predict considering the rapidly evolving landscape. Our priorities during the COVID-19 pandemic continue to be protecting the health and safety of our employees; maximizing the availability of products that help consumers with their health, hygiene and cleaning needs; and using our employees' talents and our resources to help society meet and overcome the current challenges.

For additional information on the impacts and our response to the COVID-19 pandemic and the risks that could impact our results, refer to "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" in Part I of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020.



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