Battery and lighting company Energizer (NYSE: ENR) missed Wall Street’s revenue expectations in Q1 CY2026, with sales falling 3% year on year to $643.3 million. Its non-GAAP profit of $0.94 per share was significantly above analysts’ consensus estimates.
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Energizer (ENR) Q1 CY2026 Highlights:
- Revenue: $643.3 million vs analyst estimates of $666 million (3% year-on-year decline, 3.4% miss)
- Adjusted EPS: $0.94 vs analyst estimates of $0.47 (significant beat)
- Adjusted EBITDA: $158.6 million vs analyst estimates of $118.6 million (24.7% margin, 33.7% beat)
- Management reiterated its full-year Adjusted EPS guidance of $3.45 at the midpoint
- EBITDA guidance for the full year is $595 million at the midpoint, in line with analyst expectations
- Operating Margin: 3.4%, down from 12% in the same quarter last year
- Organic Revenue fell 5.5% year on year (miss)
- Market Capitalization: $1.32 billion
"Our strategic priorities in Fiscal 2026 remain clear: restoring growth, rebuilding margins impacted by tariffs, and returning the business to its long‑term historical cash flow profile," said Mark LaVigne, Chief Executive Officer.
Company Overview
Masterminds behind the viral Energizer Bunny mascot, Energizer (NYSE: ENR) is one of the world's largest manufacturers of batteries.
Revenue Growth
A company’s long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul.
With $2.98 billion in revenue over the past 12 months, Energizer carries some recognizable products but is a mid-sized consumer staples company. Its size could bring disadvantages compared to larger competitors benefiting from better brand awareness and economies of scale.
As you can see below, Energizer struggled to increase demand as its $2.98 billion of sales for the trailing 12 months was close to its revenue three years ago. This shows demand was soft, a rough starting point for our analysis.
This quarter, Energizer missed Wall Street’s estimates and reported a rather uninspiring 3% year-on-year revenue decline, generating $643.3 million of revenue.
Looking ahead, sell-side analysts expect revenue to grow 2.9% over the next 12 months. Although this projection implies its newer products will fuel better top-line performance, it is still below average for the sector.
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Organic Revenue Growth
When analyzing revenue growth, we care most about organic revenue growth. This metric captures a business’s performance excluding one-time events such as mergers, acquisitions, and divestitures as well as foreign currency fluctuations.
The demand for Energizer’s products has barely risen over the last eight quarters. On average, the company’s organic sales have been flat. 
In the latest quarter, Energizer’s organic sales fell by 5.5% year on year. This decrease represents a further deceleration from its historical levels. We hope the business can get back on track.
Key Takeaways from Energizer’s Q1 Results
It was good to see Energizer beat analysts’ EPS expectations this quarter. We were also excited its EBITDA outperformed Wall Street’s estimates by a wide margin. Looking ahead, EBITDA guidance was in line. On the other hand, the company's revenue in the quarter fell short of Wall Street’s estimates. Overall, this quarter was still decent. The stock traded up 2.5% to $19.82 immediately following the results.
Big picture, is Energizer a buy here and now? We think that the latest quarter is only one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).
