Church & Dwight cuts FY25 adjusted EPS growth view to 0%-2% from 7%-8%

FY25 consensus $3.68. Cuts Fy25 organic sales growth view to 0%-2% from 3%-4%, consensus $6.28B. “While the tariff situation remains fluid, the company is currently projecting a 12-month run-rate gross tariff exposure of approximately $190 million. The impact of the portfolio decisions and a series of supply chain actions is expected to reduce our tariff exposure by approximately 80%. The supply chain actions include no longer sourcing Waterpik flossers from China for the U.S. market. The impact of inventory builds and other quick supply chain actions enable us to effectively manage the tariff exposure and the net impact is included in the Company’s outlook. Over the next 12 months, we believe the impact of the remaining tariffs can be mitigated through supply chain efforts and surgical pricing.