Energizer Q2 sales fall 3%, miss estimates

Energizer Holdings

05/05/2026 11:59

Overview

U.S. battery and auto care products maker's fiscal Q2 sales fell 3%, missing analyst expectations

Adjusted EPS beat analyst expectations

Company updated FY26 outlook to low single digit sales growth, adjusted EPS at high end of range

Outlook

Energizer expects fiscal 2026 net sales to grow low single digits, organic net sales roughly flat

Company sees full-year adjusted EPS at high end of $3.30-$3.60 range, adjusted EBITDA at high end of $580-$610 mln

Energizer anticipates Q3 adjusted EPS of $0.75-$0.85 and low single digit organic net sales growth

Result Drivers

VOLUME DECLINES - Lower volumes from timing shift in battery orders, slower auto care start, and Middle East conflict weighed on organic sales

TARIFF REFUND - Gross margin and adjusted gross margin benefited from $47.6 mln anticipated tariff refund under IEEPA

PRODUCTION TAX CREDITS - Production tax credits of $11.7 mln contributed to gross margin improvement

Company press release: ID:nPn2SVVRBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$643.30 mln
$655.04 mln (4 Analysts)
Q2 Adjusted EPS
Beat
$0.94
$0.46 (6 Analysts)
Q2 EPS
$0.15
Q2 Gross Margin
40.20%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy."

Wall Street's median 12-month price target for Energizer Holdings Inc is $20.00, about 3.4% above its May 4 closing price of $19.34

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)