July 31 (Reuters) - OxiClean maker Church & Dwight ( CHD )
on Friday raised its annual net sales forecast, betting on value
offerings and product innovation efforts to drive demand from
cost-conscious consumers amid macroeconomic uncertainty.
The New Jersey-based company's efforts to keep prices low
across its product categories, including shampoo and detergent,
have been helping drive sales gains at a time when stubborn
inflationary pressures turned consumers more selective.
Here are some details:
* It expects to receive about $15 million in tariff refunds
in the second half of the year, which it plans to invest in
consumer-facing activities and to offset inflationary pressures.
* "While the situation in the Middle East creates some
inflationary pressure, we continue to expect that we can offset
this transitory cost pressure in 2026," CEO Rick Dierker said.
* Volume growth, productivity as well as a favorable mix
from recent acquisitions and portfolio actions are expected to
offset inflation, transportation and tariff-related costs, he
said.
* The company expects full-year net sales between flat and a
1% rise, compared with its prior forecast of a 0.5% to 1.5%
decline.
* Church & Dwight ( CHD ), having raised the lower end of its
forecast, now expects annual adjusted earnings of 6% to 8% per
share.
* The Arm & Hammer parent's second-quarter revenue of $1.53
billion beat analysts' average estimate of $1.50 billion,
according to data compiled by LSEG.
* Quarterly adjusted profit came in at 89 cents per share,
slightly below estimates of 90 cents, in part hurt by higher
transportation costs and marketing expenses.
* Second-quarter volumes in the consumer domestic segment,
the company's largest revenue contributor, were up 3.6%,
compared to a 0.1% rise a year ago.
* Church & Dwight ( CHD ) sells household and personal-care products
including Trojan and Waterpik, with staples demand helping
cushion softer discretionary spending.