Church & Dwight: Focus on Bolt-On Mergers & Acquisitions Seems To Be The Way Forward!

The recent earnings of Church & Dwight revealed the company’s mixed performance in the first quarter of 2025, highlighting both challenges and strategic decisions aimed at repositioning for future growth. A key takeaway was a reduction in organic sales, which decreased by 1.2%, primarily due to retail destocking that accounted for a significant headwind. Retailer inventory reductions hit organic growth by approximately 300 basis points. On the positive side, Church & Dwight saw robust brand performance, with market share gains in nine out of its 14 major brands. The company’s online sales continue to contribute substantially, now accounting for nearly 23% of global sales. In terms of earnings, the adjusted EPS of $0.91 slightly exceeded expectations despite being down compared to the previous year.