Church & Dwight Co Inc at Goldman Sachs Global Consumer Conference Transcript

May 17, 2022 / 12:15PM GMT
Jason M. English - Goldman Sachs Group, Inc., Research Division - VP

Thank you. Mr. Farrell, without further ado.

Matthew Thomas Farrell - Church & Dwight Co., Inc. - President, CEO & Chairman

Okay. All right. Good to be with you this morning. I just have a few slides for those of you who aren't familiar with the story. I'm going to bump through the safe harbor statement. Take a look at it when you have a chance.

Okay. So we've had an evergreen model. So we tell our investors, we try to grow organically: Top line, 3%; bottom line, 8%; try to expand our operating margin 50% -- 50 basis points annually, a little bit from gross margin and the rest leverage from SG&A. Where we get the top line growth is 2% domestic, 6% international and 5% SPD. You'll see it on a slide or two that very small exposure internationally, so we have a lot of opportunity there. And here it is. We're 76% U.S., 18% international and 6% specialty products.

And this is very relevant right now in these uncertain times. So our portfolio is down 60% premium, 40%

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