Energizer Holdings reported third-quarter fiscal 2026 revenue of $734.1 million, a 1.2% increase year-over-year, driven by a 2.7% rise in organic sales that surpassed expectations. However, adjusted earnings per share of $0.75 missed analyst estimates, pressured by lower gross margins. The company subsequently updated its full-year guidance to the low end of its previously stated ranges.
Key Highlights
- Organic net sales grew 2.7% in the third quarter, exceeding the 1.4% consensus estimate, driven by volume gains in both the Batteries & Lights and Auto Care segments.
- Adjusted gross margin declined by 560 basis points to 39.2% from 44.8% a year ago, primarily due to large production credits recorded in the prior-year period, unfavorable product mix, and increased promotional investments.
- Energizer lowered its full-year 2026 outlook, now expecting Adjusted EPS at the low end of the $3.30 to $3.60 range and Adjusted EBITDA at the low end of the $580 million to $610 million range.