Energizer reports Q2 sales down 3%, margin recovery aided by $47.6M tariff refund, updates FY outlook to low single-digit growth

Energizer Holdings reported Q2 net sales of $643.3 million, down 3% from last year, with a gross margin improvement to 40.2% aided by a $47.6 million tariff refund. Adjusted earnings per share rose to $0.94, driven by margin recovery and production tax credits despite volume declines and increased costs. The company updated its fiscal 2026 outlook, expecting low single-digit net sales growth, flat organic sales, and adjusted earnings at the high end of prior guidance. This reflects progress in restoring growth and margins amid operational restructuring and market challenges.