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Prestige Consumer Healthcare (PBH) investor relations material
Prestige Consumer Healthcare Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 revenue was $274.1 million, down 3.4% year-over-year, but exceeded expectations due to Clear Eyes supply and e-commerce timing factors; net income was $42.2 million, a 22% decrease from the prior year.
Adjusted EPS for Q2 was $1.07, slightly down from $1.09 last year but ahead of guidance; diluted EPS was $0.86.
Free cash flow for the first half was $134 million, up 10% year-over-year, supporting share repurchases and future capital deployment.
E-commerce consumption grew at a double-digit rate, continuing a multi-year trend.
Opportunistic share repurchases totaled 1.6 million shares for $110 million in the first half, with $75 million in Q2.
Financial highlights
Q2 revenue declined 3.4% year-over-year to $274.1 million; organic revenue down 4.8%.
Gross margin for Q2 was 55.3%, with the first six months at 55.7%, up 60 basis points year-over-year.
Adjusted EPS for the first half was $2.02, up from $1.98 last year, aided by gross margin and interest expense improvements.
Q2 EBITDA was $86.8 million (31.7% margin); Q2 operating income was $79.7 million.
Q2 normalized tax rate was 24.1%; effective tax rate for the quarter was 38.9% due to a new state tax presence.
Outlook and guidance
Fiscal 2026 revenue expected at $1.1–$1.115 billion, with organic growth down 1.5%–3% year-over-year.
Full-year adjusted EPS guidance raised to $4.54–$4.58, at the high end of prior range.
Free cash flow outlook maintained at $245 million or more for the year.
Q3 revenue expected at $282 million, down year-over-year due to Clear Eyes inventory timing and e-commerce order adjustments.
Eye care supply improvements anticipated in the second half, with the Pillar5 acquisition expected to close as planned.
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