Energizer Holdings Stock Earnings Reports

Edgewell started FY2026 modestly ahead of expectations on continuing operations after completing the sale of its feminine care business to Essity. Management is sharpening focus on core categories (Shave, Sun, Skincare, and Grooming) and five priority brands (Schick, Billy, Hawaiian Tropic, Banana Boat, Cremo) while redeploying proceeds toward debt reduction and targeted investment. Q1 continuing-operations organic net sales declined 0.5%, with North America modestly positive (driven by earlier-than-expected Sun Care orders and Grooming) and international down 1.6% due largely to product phasing in Japan and distributor sell-in timing. Profitability outperformed due to favorable mix and ~240 bps of productivity savings, though gross margin was pressured by ~450 bps of inflation, tariffs, and absorption; management still expects full-year gross margin expansion (+60 bps) as pricing, tariff mitigation, and productivity ramp. Fiscal 2026 outlook for continuing operations is unchanged: organic sales roughly -1% to +2% (excluding ~150 bps FX tailwind), adjusted EPS $1.70–$2.10 (now reflecting a ~ $0.44 EPS headwind and ~$44M EBITDA headwind from the feminine care divestiture), adjusted EBITDA $245M–$265M, and adjusted free cash flow $80M–$110M (excluding divestiture cash impacts). Management expects a sales and margin inflection in H2 (Q3 the strongest quarter), continued international mid-single-digit growth, and material free cash flow and leverage improvement into FY2027 as supply-chain and restructuring benefits fully realize.