Church & Dwight Raises Full-Year Outlook as International Sales Accelerate
The consumer goods company increased its 2026 organic sales growth guidance to a range of 4% to 5% [1][5].
Church & Dwight (CHD), the consumer packaged goods company, raised its full-year financial outlook after organic sales growth accelerated in the second quarter.
Organic sales growth rose to 5.8% in the second quarter, up from 5.0% in the first quarter. This acceleration was driven largely by a surge in international organic sales, which grew 9.1% compared to 3.7% in the previous quarter. Domestic organic sales growth slowed slightly to 5.1% from 5.4% in the first quarter.
Adjusted gross margin expanded by 40 basis points to 45.4% in the second quarter. This followed a larger 130 basis point increase to 46.4% recorded in the first quarter.
Operating expenses rose as adjusted SG&A as a percentage of sales increased by 220 basis points year-over-year. This increase was due to the Touchland acquisition. Digital channels continued to gain share, with global e-commerce penetration reaching 25.5% of total consumer sales, up from 24% in the first quarter.
Church & Dwight raised its full-year 2026 reported net sales guidance to a range of flat to +1%, up from a prior range of -1.5% to -0.5%. The company also increased its reported EPS growth guidance to 20% to 22%.
Cash flow from operations for the full year is now expected to be approximately $1.175 billion, an increase from the previous estimate of $1.150 billion. The company also raised its full-year adjusted gross margin expansion guidance to 100 to 120 basis points, compared to the 100 basis points projected in the first quarter.
In June 2026, the company acquired the Miss Mouth’s Messy Eater brand.