Oppenheimer downgrades Prestige Consumer following weaker results, guidance

As previously reported, Oppenheimer analyst Rupesh Parikh downgraded Prestige Consumer (PBH) to Perform from Outperform following the company’s softer than expected Q4 results and weaker initial FY26 guidance. Oppenheimer expected a below consensus guide, but this was worse than it envisioned. With management now digesting two acquisitions, higher leverage, and a more uncertain consumer backdrop, the firm sees a weaker outperformance case.