Church & Dwight (CHD) · wyniki II kw. 2026 i wycena

Przy wzroście 4,9% rocznie (3-letni wzrost przychodów) wartość godziwa z modelu to $66.37 na akcję — kurs jest o 66% powyżej niej. Obecna cena zakłada wzrost o 11,2% rocznie.

1. Główny temat

   CHD raised its sales, EPS, and cash flow outlook despite a challenging macro environment and transitory cost pressures that emerged over the past 100 days.

   Cytat ze źródła

   “This improvement reflects the strength of our operating fundamentals, which is led by volume-based organic growth, steady market share gains... ...this morning, we are increasing our sales, earnings per share and cash flow outlook despite the challenging macro environment. Our outlook continues to reflect the impact of transitory cost pressures that developed over the past 100 days.”

2. Prognoza

   CHD raised its sales and EPS outlook with confidence and acquired MISS MOUTH's, the #1 stain remover brand on Amazon.

   Cytat ze źródła

   “And with the first half of the year behind us, it gives us great confidence to raise our sales, EPS... Overall, this is a great result. In Q2, we also completed the acquisition of the fast-growing MISS MOUTH's brand, the #1 stain remover brand on Amazon.”

3. Prognoza ↑

   CHD raised its adjusted EPS growth outlook to 6% to 8% from 5% to 8%.

   Cytat ze źródła

   “We are raising our adjusted EPS outlook to a growth rate of 6% to 8% versus our prior expectation of 5% to 8%.”

4. Prognoza

   CHD said Touchland sales grew in Q2 and expects continued growth in the second half driven by back-half innovation, new collaborations and activations.

   Cytat ze źródła

   “For TOUCHLAND, sales grew in the second quarter and with back half weighted innovation, new collaborations and activations, we expect continued sales growth in the second half of the year.”

Management sounded noticeably less positive answering analysts than in its prepared script — a bigger drop than in 95% of calls. Scripts are polished in advance; a drop under questioning often marks the topics analysts pressed on, so the answers deserve a closer read than the script.

Zdania, które wpłynęły na ton

“This improvement reflects the strength of our operating fundamentals, which is led by volume-based organic growth, steady market share gains and management's focus on gross margin expansion.”

“We're confident that our relentless focus on innovation will continue to drive strong growth, distribution gains at shelf and market share expansion.”

“As we now enter the second half of the year, we are encouraged with the results fueled by innovation and share growth, which provides us the momentum to deliver strong...”