Church & Dwight (CHD) Q3 2026 earnings summary

Executive summary

• Third consecutive quarter of industry-leading organic sales growth: Q3 organic sales rose 5.1%, driven by volume and growth across all three divisions.

• Results exceeded outlook; FY2026 organic sales guidance increased and adjusted EPS growth outlook narrowed.

Financial highlights

• Q3 net sales rose 1.0% to $1,602.1M; organic sales increased 5.1%, comprising volume +4.6% and price/mix +0.5%.

• Reported diluted EPS was $0.89 versus $0.75; adjusted diluted EPS was $0.92, up 13.6% and above the $0.89 outlook.

• Reported operating income rose 14.5% to $291.4M; adjusted income from operations increased $27M, or 10.1%, to $297.8M.

• Q3 net income was $212.2M versus $182.2M; gross profit rose $35.0M to $749.4M.

• 9M net sales rose 0.9% to $4,601.4M; net income was $631.3M versus $593.3M and diluted EPS was $2.65 versus $2.41.

Outlook and guidance

• FY2026 reported sales growth outlook rose to ~0.5% from flat to +1%; organic sales growth increased to ~5%, the high end of the prior 4%-5% range.

• FY2026 adjusted EPS growth outlook is ~7%, narrowed from 6%-8%; reported EPS growth is expected at ~20%.

• Q4 organic sales growth is expected at ~4%, with reported sales down ~0.5% due to portfolio actions and adjusted EPS growth of 17%-19%.

• FY2026 adjusted gross-margin expansion is expected at ~100 bps; cash from operations is forecast at ~$1.175B and the adjusted tax rate at ~21%.

• FY2026 inflation is estimated at ~$150M, $20M above July guidance, assuming WTI crude at ~$100/barrel; capex is expected at ~$125M.