$CHD · CHURCH & DWIGHT CO INC /DE/
Church & Dwight reported Q3 FY2026 results exceeding its own outlook. Net sales rose 1.0% to $1.602B with organic sales up 5.1% on 4.6% volume growth. Adjusted EPS of $0.92 beat the $0.89 outlook and grew 13.6% YoY. The company raised its FY2026 organic sales guidance to approximately 5% and tightened adjusted EPS growth to ~7%.
- Q3 net sales $1.602B (+1.0% reported), organic sales +5.1% driven by 4.6% volume growth across all three divisions
- Gross margin expanded 170 bps to 46.8%, driven by higher volume, productivity, tariff refunds, and favorable mix
- Adjusted EPS $0.92 beat outlook of $0.89; reported EPS $0.89 vs $0.75 prior year
- FY2026 organic sales outlook raised to ~5% (prior 4-5%); Q4 organic sales expected ~4.0%
- Board authorized new $1B share repurchase program, replacing prior program, supported by strong cash generation
Markets closed — no regular-session reaction yet; extended-hours move not captured here. CHD closed at $106.00 (+1.19%) in the regular session before the release.
CHD delivered a rare consumer-staples trifecta: volume-driven organic growth, gross margin expansion, and raised guidance — plus a new $1B buyback authorization.
CHD's 5.1% organic growth and 170 bps gross margin expansion stand out in consumer staples, where peers are struggling for volume growth. Global e-commerce now 25.9% of consumer sales, up 20% YoY.
Management flagged growing inflationary pressures from the Middle East conflict and rising global transportation rates, though expects to mitigate these costs. Tariff-related costs remain a headwind.