CHD earnings analysis
What we found in CHD's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Church & Dwight Co., Inc. reported a slight rise in Q1 2026 net sales to $1,469.3M, an increase of 0.2% year-over-year, alongside diluted EPS growth of 2.2% to $0.91. Despite positive developments in gross profit and margins, operating income declined, reflecting rising SG&A and marketing expenses. Segment performance varied, with net sales growth in Consumer International and Specialty Products but a decline in Consumer Domestic.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Net Sales Increase
- Net sales reached $1,469.3M, up 0.2% from $1,467.1M in Q1 2025.
- EPS Growth
- Diluted EPS rose 2.2% to $0.91 compared to $0.89 in the prior year.
- Gross Margin Improvement
- Gross margin increased from 45.0% to 46.4%, a 140 basis point improvement.
- Consumer International Growth
- Consumer International segment net sales increased 4.6% to $273.9M compared to $261.9M.
- Specialty Products Division Growth
- SPD net sales rose 3.1% to $77.7M, benefiting from sodium bicarbonate and animal nutrition.
- Reduced Tax Rate
- Effective tax rate dropped to 20.7% from 22.0% year-over-year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased SG&A Expenses
- SG&A expenses surged 10.2% to $251.0M from $227.7M, impacting income from operations.
- Commodity Inflation Impact
- Higher manufacturing costs increased pressures, detracting 180 bps from gross margin.
- Product Line Exits
- Exiting certain product lines resulted in an 8.1% sales impact, primarily in the Consumer Domestic segment.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.91
- Gross margin
- 46.4%
- Operating margin
- 19.8%
- Segment
- Consumer Domestic
- Segment
- Consumer International
- Segment
- Specialty Products
What they said about what is next.
Full year reported sales forecasted to decline between 1.5% to 0.5%; adjusted EPS growth projected at 18% to 22%.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 12, 2026
- Church & Dwight reported modest top-line growth with expanding profitability in 2025: net sales rose 1.6% to $6,203.2 million and operating margin improved to 17.4%, driving diluted EPS to $3.02. The company generated…
- 10-Q · October 31, 2025
- Church & Dwight reported Q3 net sales of $1,585.6 million, up $75.0 million or 5.0% year-over-year, and diluted EPS of $0.75 versus a loss of $(0.31) in Q3 2024. Operating margin recovered to 16.1% (from (6.1)% a year…
- 10-Q · May 1, 2025
- Church & Dwight reported Q1 net sales of $1,467.1 million, down 2.4% versus $1,503.3 million a year ago, with gross margin contracting 70 bps to 45.0% and diluted EPS of $0.89 (down 4.3% vs $0.93). Consumer Domestic…
- 10-Q · November 1, 2024
- Church & Dwight reported modest top-line growth with net sales up 3.8% year-over-year to $1,510.6 million and gross margin expansion of 80 basis points to 45.2% for Q3 2024. However, a $357.1 million non‑cash impairment…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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