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Church & Dwight’s $1 Billion Buyback: Can Organic Growth Sustain Its Earnings Momentum?

Church & Dwight Co., Inc. reported third quarter 2026 results reflecting moderate net sales growth of 1.0% to $1.6 billion, surpassing its previous outlook which anticipated a 1% sales decline. Organic sales increased 5.1%, driven by volume growth of 4.6% and a favorable price and mix impact of 0.5%. Growth was broad-based across all three divisions, with the domestic segment up 4.4%, international segment rising 7.8%, and specialty products growing 5.0%. The company highlighted strength in key brands such as ARM & HAMMER™, THERABREATH™, BATISTE™, and OXICLEAN™, supported by innovation, distribution gains, and marketing investments. Notably, global e-commerce sales rose 20%, accounting for approximately 26% of total consumer sales, underscoring the company’s expanding digital capabilities. Gross margin improved by 170 basis points to 46.8%, driven by higher volumes, productivity gains, tariff refunds, and favorable product mix, offsetting inflationary pressures and increased transportation costs. Adjusted earnings per share (EPS) grew 13.