Guidance
← Earnings Calls
01
02
03
04 05 06
Tone
Capex
A1 A2 A3 A4
CHD
FY2026 Q1
Improving
Church & Dwight Company, Inc. earnings call
Buzzberg read
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 read 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. Read full analysisCollapse analysis
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.
Revenue$1.4693B-11% QoQ
EPS$0.95+10% QoQ
Gross margin46.38%Reported
Operating margin19.81%Reported
6 grounded callouts
What matters now
The highest-signal changes from the call.
Distribution
Company ranked #1 in CPG for distribution gains.
Innovation
New product launches expected to drive half of organic growth.
Show 3 more callouts
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.
Reported period
Actuals
| Metric | Reported | Change |
|---|---|---|
| Revenue | $1.4693B | -11% QoQ |
| EPS | $0.95 | +10% QoQ |
| Gross margin | 46.38% | Reported |
| Operating margin | 19.81% | Reported |
| Free cash flow | $0.1429B | -54% QoQ |
| Capex | $0.0319B | Reported |
Forward-looking
Forward guidance
| Metric | Period | Range | Midpoint | Status |
|---|---|---|---|---|
| EPS | FY2026 Q2 | $0.88 | $0.88 | Guided |
AI, capex & demand read
Management read
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.
Investment and capacity
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.
all 3 named companies below
Companiesreturns since call
Supply chain
Supply chain
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.
Evidence
“Church & Dwight was number one across all of CPG on total distribution points gained year over year.”
Supply chain
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.
Evidence
“When we look at consumption that is all in, including on track channels, we were up about 12 or 13%.”
External signals
Supply-chain alpha · 4returns since call
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%.
Evidence
“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.
Evidence
“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.
Methodology & coverage
Management-only analysis. All 3 validated company mentions are shown. Reported actuals and forward guidance are kept separate. Public evidence is limited to eight short attributed quotes. AI-generated analysis can be incomplete or wrong; verify important claims against the original source.