Church & Dwight Co., Inc. stock research
FY2024 Q2
Church & Dwight (CHD) Gross Margin — Quarter Ended Jun 30, 2024
Revenue was unchanged from the preceding quarter and the year-ago period. Gross profit increased and gross margin strengthened as the cost of revenue declined relative to the flat revenue base.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue was unchanged from the preceding quarter and the year-ago period. Gross profit increased and gross margin strengthened as the cost of revenue declined relative to the flat revenue base.
- The primary driver of the gross margin improvement was the lower cost of revenue, which decreased from both the prior quarter and the year-ago period while revenue remained at the same level.
- Compared to the immediately preceding quarter, gross profit was higher and gross margin advanced. Relative to the same quarter one year earlier, gross profit and gross margin both improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
47.1%
Gross profit
$712.1M
Revenue
$1.5B
Cost of revenue
$799.1M
Quarter-over-quarter change
+1.4 pts
Year-over-year change
+3.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2023 | $1.5B | $646.3M | $809.6M | 44.4% |
| Dec 31, 2023 | $1.5B | $681.3M | $846.7M | 44.6% |
| Mar 31, 2024 | $1.5B | $687.0M | $816.3M | 45.7% |
| Jun 30, 2024 | $1.5B | $712.1M | $799.1M | 47.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+1.4 pts
Year-over-year change
Jun 30, 2023
+3.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary driver of the gross margin improvement was the lower cost of revenue, which decreased from both the prior quarter and the year-ago period while revenue remained at the same level.
Compared to the immediately preceding quarter, gross profit was higher and gross margin advanced. Relative to the same quarter one year earlier, gross profit and gross margin both improved.
Monitor the trajectory of cost of revenue, as its relative movement against stable revenue has been the key factor in margin changes.