Energizer Holdings Reaffirms 2026 Outlook Amid Margin Push and Buybacks: What Really Drives Returns?

Energizer Holdings reaffirmed its 2026 guidance and reported a fiscal first-quarter adjusted profit that topped Wall Street expectations. The company highlighted robust cash generation used to reduce debt and fund dividends and buybacks, underscoring a focus on balance sheet strength and shareholder returns amid tariff and supply chain pressures. The reaffirmed outlook and ongoing dividend suggest the news is supportive, but investors should remain cautious about leverage and cash coverage risks.