Household Products Stocks Q3 Highlights: Procter & Gamble (NYSE:PG)

Looking back on household products stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Procter & Gamble (NYSE:PG) and its peers.

Household products stocks are generally stable investments, as many of the industry's products are essential for a comfortable and functional living space. Recently, there's been a growing emphasis on eco-friendly and sustainable offerings, reflecting the evolving consumer preferences for environmentally conscious options. These trends can be double-edged swords that benefit companies who innovate quickly to take advantage of them and hurt companies that don't invest enough to meet consumers where they want to be with regards to trends.

The 10 household products stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 1.3% while next quarter’s revenue guidance was 1% above.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Procter & Gamble (NYSE:PG)

Founded by candle maker William Procter and soap maker James Gamble, Proctor & Gamble (NYSE:PG) is a consumer products behemoth whose product portfolio spans everything from facial tissues to laundry detergent to feminine care to men’s grooming.

Procter & Gamble reported revenues of $22.39 billion, up 3% year on year. This print exceeded analysts’ expectations by 1%. Overall, it was a strong quarter for the company with an impressive beat of analysts’ EBITDA estimates and a narrow beat of analysts’ revenue estimates.

“Our organic sales growth, earnings and cash results in the first quarter reflect strong execution of our integrated strategy,” said Jon Moeller, Chairman of the Board, President and Chief Executive Officer.

Unsurprisingly, the stock is down 5.3% since reporting and currently trades at $144.17.

Is now the time to buy Procter & Gamble? Access our full analysis of the earnings results here, it’s free.

Best Q3: Central Garden & Pet (NASDAQ:CENT)

Enhancing the lives of both pets and homeowners, Central Garden & Pet (NASDAQ:CENT) is a leading producer and distributor of essential products for pet care, lawn and garden maintenance, and pest control.

Central Garden & Pet reported revenues of $678.2 million, up 1.3% year on year, outperforming analysts’ expectations by 3.9%. The business had an exceptional quarter with a beat of analysts’ EPS and adjusted operating income estimates.

Central Garden & Pet achieved the biggest analyst estimates beat among its peers. The market seems content with the results as the stock is up 3.6% since reporting. It currently trades at $32.58.

Is now the time to buy Central Garden & Pet? Access our full analysis of the earnings results here, it’s free.

Weakest Q3: Energizer (NYSE:ENR)

Masterminds behind the viral Energizer Bunny mascot, Energizer (NYSE:ENR) is one of the world's largest manufacturers of batteries.

Energizer reported revenues of $832.8 million, up 3.4% year on year, exceeding analysts’ expectations by 0.8%. Still, it was a softer quarter as it posted EPS guidance for next quarter missing analysts’ expectations significantly and a miss of analysts’ gross margin estimates.

As expected, the stock is down 11.5% since the results and currently trades at $21.11.

Read our full analysis of Energizer’s results here.

WD-40 (NASDAQ:WDFC)

Short for “Water Displacement perfected on the 40th try”, WD-40 (NASDAQ:WDFC) is a renowned American consumer goods company known for its iconic and versatile spray, WD-40 Multi-Use Product.

WD-40 reported revenues of $154.4 million, flat year on year. This result was in line with analysts’ expectations. Zooming out, it was a softer quarter as it produced a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates.

The stock is down 3.4% since reporting and currently trades at $196.52.

Read our full, actionable report on WD-40 here, it’s free.

Church & Dwight (NYSE:CHD)

Best known for its Arm & Hammer baking soda, Church & Dwight (NYSE:CHD) is a household and personal care products company with a vast portfolio that spans laundry detergent to toothbrushes to hair removal creams.

Church & Dwight reported revenues of $1.59 billion, up 5% year on year. This print surpassed analysts’ expectations by 3.3%. It was a strong quarter as it also logged an impressive beat of analysts’ EBITDA estimates and an impressive beat of analysts’ revenue estimates.

Church & Dwight pulled off the fastest revenue growth among its peers. The stock is up 7.6% since reporting and currently trades at $88.00.

Read our full, actionable report on Church & Dwight here, it’s free.

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