Church & Dwight raises 2026 sales outlook as Q3 organic sales grow 5.1%
Adjusted EPS of 92 cents was above the 91 cents consensus estimate compiled by Finnhub, and revenue of $1.60 billion was in line with $1.59 billion. The company raised its 2026 sales growth forecast.
Key takeaways
- Church & Dwight (CHD) said on Oct. 30 its third-quarter adjusted EPS was 92 cents, above the 91 cents consensus estimate compiled by Finnhub. Revenue was $1.60 billion. It raised its 2026 net sales growth forecast to approximately 0.5%.
Church & Dwight (CHD) said on Oct. 30 that third-quarter net sales rose 1.0% from a year earlier to $1.60 billion. Adjusted earnings per share were 92 cents, up 13.6%, above the 91 cents consensus estimate compiled by Finnhub.
Shares rose 1.1% in regular trading as of 3:59 p.m. ET, from a regular-session close of $106.00.
Revenue was in line with the $1.59 billion consensus estimate compiled by Finnhub. The company said organic sales grew 5.1%, above its 3% outlook, with growth in all three divisions.
Here's how the company did:
- Net sales: $1.60 billion, up 1.0% from a year earlier, vs. $1.59 billion expected, according to Finnhub
- Adjusted EPS: 92 cents, up 13.6%, vs. 91 cents expected, according to Finnhub
- Reported EPS: 89 cents, vs. 75 cents a year earlier
- Organic sales: up 5.1%
- Gross margin: 46.8%, up 170 basis points
2026 guidance
The company raised its net sales forecast for 2026 to approximately 0.5% growth, from flat to 1% previously. It raised its organic sales growth forecast to approximately 5%, from 4% to 5%.
Adjusted EPS growth for 2026 is now expected at about 7%, from 6% to 8%. Reported EPS is expected to rise about 20%.
For the fourth quarter, the company expects reported sales to decline about 0.5% and organic sales to grow about 4.0%. Adjusted EPS is expected to rise 17% to 19%.
Chief Executive Officer Rick Dierker said, "We are raising our 2026 outlook for sales and tightening our outlook for earnings per share."
Segment results
Consumer Domestic net sales were $1.23 billion, with organic sales up 4.4%. Consumer International net sales were $297 million, with organic sales up 7.8%. Specialty Products net sales were $80 million, up 5.0%.
Cash and buybacks
Cash from operations for the first nine months of 2026 was $841 million, down 1.3% from a year earlier. The company expects cash from operations of about $1.175 billion for the full year, unchanged from its prior view.
Capital expenditures were $92 million through the third quarter. The company expects full-year capital expenditures of about $125 million.
The board approved a new share repurchase program of up to $1 billion. It has no expiration date and replaces the existing program. As of Sept. 30, total debt was $2.2 billion and cash on hand was $447 million.