Church & Dwight (CHD) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 increased 1.6% year-over-year to $1,530.0 million, surpassing expectations and driven by strategic portfolio actions and strong organic growth.

• Organic sales grew 5.8%, with domestic up 5.1%, international up 9.1%, and specialty products up 2.8%, primarily from volume growth and positive price/mix.

• Adjusted EPS was $0.89, exceeding the outlook, though down from $0.94 last year due to increased marketing and SG&A expenses.

• Cash from operations for the first six months was $461.6 million, up 10.8% year-over-year.

• Completed acquisition of Miss Mouth's Messy Eater®, the top stain remover brand on Amazon, expanding the portfolio.

Financial highlights

• Q2 2026 net sales: $1,530.0 million (+1.6% YoY); six months: $2,999.3 million (+0.9% YoY).

• Organic sales grew 5.8% (vs. 3% outlook), driven by 4.3% volume growth and 1.5% positive price/mix.

• Gross margin expanded 240 bps to 45.4%; adjusted gross margin up 40 bps year-over-year.

• Adjusted EPS was $0.89, exceeding the $0.88 outlook.

• Cash from operations for the first six months: $461.6 million (+$45.1 million YoY).

Outlook and guidance

• Full-year organic sales growth outlook raised to 4%-5% (from 3%-4%).

• Adjusted EPS growth outlook increased to 6%-8% (from 5%-8%); reported EPS expected to increase 20–22%.

• Cash from operations expected at $1.175 billion, up from $1.15 billion.

• Q3 organic sales growth expected at ~3%, with adjusted EPS of ~$0.89 (10% growth year-over-year).

• Full-year adjusted gross margin expansion expected at 100-120 basis points.