Church & Dwight Organic Sales Accelerate to 5.8% as Adjusted EPS Slips to $0.89

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Summary · why it matters

Church & Dwight Co., Inc. reported second-quarter organic sales growth of 5.8%, up from 5.0% in the first quarter, while adjusted EPS fell to $0.89 from $0.94. Management expects 2026 reported EPS growth of 20% to 22%, but adjusted growth of only 6% to 8%, and full-year organic growth of 4% to 5% with approximately $1.175 billion of operating cash flow, below the $1.215 billion generated in 2025. Second-quarter gross margin improved to 45.4%, though marketing rose to 10.8% of sales and adjusted operating profit fell approximately 9% to $287 million. The company's roughly $325 million purchase of the Miss Mouth's Messy Eater brand was expected to be neutral to 2026 EPS, and first-half operating cash flow rose 10.8% to $462 million against capital spending of $62 million. The stock trades at a forward P/E of 23x versus 31x trailing, with calendar-2026 analyst consensus calling for approximately 7% adjusted EPS growth.

Impact on assets 3

Consumer Staples▲
Church & Dwight Company Inc
CHD
± MixedCapitalDemandrelevance

Q2 organic sales accelerated to 5.8% and gross margin improved to 45.4%, but adjusted EPS fell to $0.89 and adjusted operating profit dropped ~9% to $287M.

Off-coverage companies 1

Miss Mouth's Messy Eateri
Private± MixedCapitalrelevance

Church & Dwight's ~$325M purchase of Miss Mouth's Messy Eater was expected to be neutral to 2026 EPS.