Guidance
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FY2026 Q1
개선
Church & Dwight Company, Inc. 실적 발표
Buzzberg 분석
Q1 organic sales beat 5% versus 3% outlook.
Church & Dwight beat Q1 with organic growth of 5% (volume-driven), benefiting from inventory tailwinds and strong distribution gains, and reaffirmed its full-year outlook despite $25-30M of incremental Middle East inflation. Management emphasized productivity as the offset and gave a soft 2Q guide with flattish EPS growth. Q1 organic sales +5% vs 3% guide; reported sales +0.2%, adjusted EPS $0.95 above $0.92 outlook.
Buzzberg 분석 Q1 organic sales beat 5% versus 3% outlook. Church & Dwight beat Q1 with organic growth of 5% (volume-driven), benefiting from inventory tailwinds and strong distribution gains, and reaffirmed its full-year outlook despite $25-30M of incremental Middle East inflation. Management emphasized productivity as the offset and gave a soft 2Q guide with flattish EPS growth. Q1 organic sales +5% vs 3% guide; reported sales +0.2%, adjusted EPS $0.95 above $0.92 outlook. 전체 분석 보기분석 접기
Church & Dwight beat Q1 with organic growth of 5% (volume-driven), benefiting from inventory tailwinds and strong distribution gains, and reaffirmed its full-year outlook despite $25-30M of incremental Middle East inflation. Management emphasized productivity as the offset and gave a soft 2Q guide with flattish EPS growth. Q1 organic sales +5% vs 3% guide; reported sales +0.2%, adjusted EPS $0.95 above $0.92 outlook.
- Gross margin expanded 130bps to 46.4% driven by productivity and portfolio mix.
- Distribution gains #1 in CPG, with recent TDP lift ~10-11%, underpinning share gains across laundry, litter, mouthwash.
- Middle East conflict adds $25-30M inflation, offset by productivity; no pricing at current levels.
매출$1.4693B-11% 전분기 대비
주당순이익(EPS)$0.95+10% 전분기 대비
매출총이익률46.38%보고값
영업이익률19.81%보고값
근거 있는 핵심 내용 6개
지금 중요한 점
이번 발표에서 가장 의미 있는 변화를 정리했습니다.
Distribution
Company ranked #1 in CPG for distribution gains.
Innovation
New product launches expected to drive half of organic growth.
핵심 내용 3개 더 보기
Share
Arm & Hammer laundry hits record share despite lower promo.
Costs
Middle East conflict adds $25-30 million inflation pressure.
Pricing
No plans to price through cost inflation; productivity offsets.
보고 기간
보고 실적
| 지표 | 보고값 | 변화 |
|---|---|---|
| 매출 | $1.4693B | -11% 전분기 대비 |
| 주당순이익(EPS) | $0.95 | +10% 전분기 대비 |
| 매출총이익률 | 46.38% | 보고값 |
| 영업이익률 | 19.81% | 보고값 |
| 잉여현금흐름 | $0.1429B | -54% 전분기 대비 |
| 자본지출 | $0.0319B | 보고값 |
향후 전망
향후 가이던스
| 지표 | 기간 | 범위 | 중간값 | 상태 |
|---|---|---|---|---|
| 주당순이익(EPS) | FY2026 Q2 | $0.88 | $0.88 | 제시 |
AI, 자본지출 및 수요 분석
경영진 분석
Confident
Management repeatedly highlighted strong execution, broad-based growth, and reiterated the full-year outlook despite headwinds, signaling confidence in their ability to navigate the environment.
투자 및 생산능력
Capital expenditures for the quarter were $31.9 million, with full-year capex expected to remain approximately 2% of sales. The company also went live with an upgraded ERP system in April, which was noted as a seamless transition for customers.
아래에 언급된 기업 3개 모두 표시
기업발표 이후 수익률
공급망
공급망
Rick Durker
Church & Dwight claims it was #1 in CPG on total distribution points gained year-over-year, with recent TDP lift closer to 10-11% versus roughly 7% average for the quarter. — Share gains in laundry, mouthwash and litter suggest competitive shelf displacement at retailers, pressuring incumbent brands at Procter & Gamble and Colgate-Palmolive.
근거
“Church & Dwight was number one across all of CPG on total distribution points gained year over year.”
공급망
Rick Durker
Touchland consumption appears down 20% in tracked channels but is actually up 12-13% when including on-track (club, Amazon, beauty) channels; full-year still expected double-digit growth. — Understated tracked data may mask continued momentum in non-traditional channels, relevant for beauty-goods competitors relying on tracked syndicated data.
근거
“When we look at consumption that is all in, including on track channels, we were up about 12 or 13%.”
외부 신호
공급망 알파 · 4발표 이후 수익률
Church & Dwight claims it was #1 in CPG on total distribution points gained year-over-year, with recent TDP lift closer to 10-11% versus roughly 7% average for the quarter.
Q1 organic growth of 5% includes a ~2% tailwind from lapping inventory destocking in Q1 2025, masking underlying consumption closer to category growth of ~3%.
근거
“And so we had a tailwind of a couple points from that as well. So that's how we get to kind of five for Q1.”
Middle East conflict adds $25-30M of incremental inflation (oil-based derivatives like diesel, resin, surfactants), offset entirely by productivity; no pricing planned at this level.
근거
“We currently are estimating $25 to $30 million of incremental inflation pressure.”
Touchland consumption appears down 20% in tracked channels but is actually up 12-13% when including on-track (club, Amazon, beauty) channels; full-year still expected double-digit growth.
방법론 및 범위
경영진 발언만 분석합니다. 검증된 기업 언급 3개를 모두 표시하며, 보고 실적과 향후 가이던스를 분리합니다. 공개 근거는 화자가 표시된 짧은 인용문 8개로 제한됩니다. AI 분석은 불완전하거나 틀릴 수 있으므로 중요한 주장은 원문에서 확인하세요.