Church & Dwight Q2 sales beats on brand performance; lifts outlook

Church & Dwight

31/07/2026 12:06

Overview
U.S. consumer products maker's Q2 net sales rose 1.6%, beating analyst expectations
Adjusted EPS for Q2 slightly missed consensus estimates
Company raised full-year sales, adjusted EPS, and cash flow outlooks

Outlook
Church & Dwight raises 2026 organic sales growth outlook to 4% to 5%
Company sees 2026 adjusted EPS growth of 6% to 8%
Church & Dwight expects 2026 cash from operations of about $1.175 bln

Result Drivers
ORGANIC SALES GROWTH - Co said Q2 organic sales rose 5.8%, driven primarily by volume growth of 4.3% and positive price and mix of 1.5%
BRAND PERFORMANCE - Co attributed growth to strong results from brands including THERABREATH, HERO, ARM & HAMMER, and ZICAM
GROSS MARGIN EXPANSION - Gross margin rose 240 bps to 45.4%, helped by higher volume, productivity, and favorable mix from acquisitions and portfolio actions, partially offset by inflation and transportation costs

Company press release: ID:nBw2SdP9ta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$1.53 bln
$1.50 bln (14 Analysts)
Q2 Adjusted EPS
Miss
$0.89
$0.90 (16 Analysts)
Q2 EPS
 
$0.85
 
Q2 Net Income
 
$202.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 10 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the household products peer group is "buy"
Wall Street's median 12-month price target for Church & Dwight Co Inc is $105.00, about 7.5% above its July 30 closing price of $97.68
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 24 three months ago

Reuters Recommended Reads
July 31 - Newell Brands Q2 profit beats on tariff recoveries, higher margins; outlook raised
July 29 - P&G forecasts slower annual sales growth as costs weigh
July 29 - Reynolds Consumer Products Q2 revenue slightly beats expectations

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)