Overview

• U.S. consumer products maker's Q1 net sales rose 0.2%, slightly beating analyst expectations

• Adjusted EPS for Q1 grew 4.4% to $0.95, beating analyst expectations

• Company cites volume growth, innovation, and distribution gains as key drivers of results

Outlook

• Company expects 2026 adjusted EPS growth of 5% to 8%, reported EPS up 18% to 22%

Result Drivers

• VOLUME GROWTH - Organic sales rose 5.0% in Q1, driven by a 5.3% increase in volume across all divisions

• INNOVATION AND NEW PRODUCTS - Growth was supported by innovation and new product launches, with new products expected to account for half of organic growth

• DISTRIBUTION GAINS AND ACQUISITIONS - Distribution wins and contributions from the Touchland acquisition aided growth, especially in domestic and international segments

Company press release: ID:nBw31Cz48a

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Sales	Slight Beat*	$1.47 bln	$1.46 bln (14 Analysts)
Q1 Adjusted EPS	Beat	$0.95	$0.93 (16 Analysts)
Q1 EPS		$0.91
Q1 Net Income		$216.30 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 10 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the household products peer group is "buy"

• Wall Street's median 12-month price target for Church & Dwight Co Inc is $104.00, about 7.2% above its April 30 closing price of $97.06

• The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 26 three months ago

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