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  "docSlug": "8b6a62f49fba",
  "documentTitle": "Church & Dwight Co., Inc. (CHD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-09-05 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 50,
  "pageCount": 92,
  "prevPage": 49,
  "nextPage": 51,
  "slideType": "appendix_data",
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  "density": "dense",
  "nDataPoints": 24,
  "notes": "Uses red boxes and arrows to link the main table to a snippet from the company's 10-Q filing.",
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      "kind": "callout",
      "text": "This analysis factors into our prior analysis to determine the FLAWLESS revenue contribution. We know the contribution of the Passport acquisition to revenues in the 6 months ended June 30, 2019 from SPD Segment disclosures.",
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      "kind": "image",
      "text": "Snippet from CHD 2019 Q2 10-Q showing Net Sales - SPD breakdown.",
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      "kind": "metric",
      "text": "Passport Acquisition Revenue: $2.3",
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      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
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      "kind": "paragraph",
      "text": "Note: This analysis factors into our prior analysis to determine the FLAWLESS revenue contribution. We know the contribution of the Passport acquisition to revenues in the 6 months ended June 30, 2019 from SPD Segment disclosures.",
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      "text": "Source: CHD 2019 Q2 10-Q, p. 26",
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      "kind": "table",
      "text": "Table showing SPD segment sales, YoY changes, and drivers (Volume, Price/Mix, FX, Passport Acquisition) for 3 and 6 months ended June 30, 2018/2019.",
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      "kind": "title",
      "text": "A Closer Look At Passport Revenue Contribution in 2019",
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      "evidence": "The overall thesis implies that failing to act on Spruce Point's analysis could lead to significant financial losses for investors holding onto CHD stock.",
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