PBHNYSEPharmaceutical PreparationsUS GAAP · USD

Prestige Consumer Healthcare Inc.

Prestige Consumer Healthcare Inc. develops, manufactures, markets, sells, and distributes branded over-the-counter health and personal care products. Its portfolio is sold primarily in North America, with additional sales in Australia and other international markets through mass, drug, food, dollar, convenience, club, and e-commerce channels.

Revenue1,089m USD
−4.3 %y/y
Operating profit (EBIT)309m USD
−8.1 %y/y
EBIT margin28.4%
−1.2 ppy/y
Net income190m USD
−11.3 %y/y
Free cash flow246m USD
+1.3 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

-25002505007501,0001,250m USD2021: 943 m USD2021: EBIT 297 m USD20212022: 1,087 m USD2022: EBIT 330 m USD20222023: 1,128 m USD2023: EBIT -22 m USD20232024: 1,125 m USD2024: EBIT 342 m USD20242025: 1,138 m USD2025: EBIT 337 m USD20252026: 1,089 m USD2026: EBIT 309 m USD20261,089309
RevenueOperating profit (EBIT)

Business

Share of revenue
North American OTC Healthcare84 %

Branded over-the-counter health and personal care products sold in the United States and Canada.

International OTC Healthcare16 %

Branded OTC health and personal care products sold outside North America, including Australia and other markets.

Products

Reported · share of revenue
23.8%20.8%13.1%11.5%10.4%20.3%FY2026100 %
  • Gastrointestinal23.8 %
  • Womens Health20.8 %
  • Eye and Ear Care13.1 %
  • Dermatologicals11.5 %
  • Analgesics10.4 %
  • Other20.3 %

Source: 10-K FY2026, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Prestige sells mainly through large retail and e-commerce channels rather than directly to end consumers. Its customers include mass merchandisers, drug stores, food retailers, dollar stores, convenience stores, club stores, and online retailers that buy branded OTC products for resale. Walmart and Amazon are especially important customers, and the company also serves a broad base of wholesale and retail accounts across multiple channels.

Mass merchandisers

Buy branded OTC and personal care products in volume for broad household distribution.

Drug retailers

Stock eye care, cough/cold, and other health brands where pharmacy shelf presence matters.

Food retailers

Carry selected OTC and personal care items for everyday consumer convenience.

E-commerce retailers

Sell Prestige brands online, including marketplace and digital retail channels.

Dollar, convenience, and club stores

Buy value-oriented branded products for impulse, convenience, and bulk purchasing.

Strategy

Prestige’s strategy centers on acquiring and revitalizing branded consumer health products, then expanding them through advertising, packaging, formulation changes, and brand extensions. It also seeks to grow distribution across existing and new retail channels while using a low-cost operating model and established retail relationships to support brand scale.

Reinvigorate acquired brandsMedium term

The company targets brands that can benefit from renewed management focus and marketing support.

Grow distribution and market shareMedium term

Broader retail reach helps increase sales of established brands across channels.

Support brands with marketing investmentShort term

Advertising and promotional support are central to maintaining shelf presence and consumer demand.

Geography

2026

Prestige’s business is concentrated in North America, which accounts for the large majority of revenue, with the United States and Canada as its core markets. The company also sells in Australia and certain other international markets, giving it a smaller but meaningful non-North American footprint. Geography matters because the company relies on retail distribution networks, third-party manufacturing, and cross-border supply chains to serve these markets.

United States78 %
Other countries (US filing)22 %

Share of the revenue the company reports by geography.

Risks

Prestige depends heavily on third-party manufacturers and a concentrated set of retail customers, so supply disruptions or customer shifts can quickly affect sales. The company also faces intense competition from branded rivals and private label products, while goodwill and indefinite-lived intangibles create impairment risk if brand performance weakens.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Third-party manufacturing dependence1Manufacturing shortages in eye care products2Customer concentration3Goodwill and intangible asset impairment4Private label and branded competition5Cybersecurity and IT disruption6
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Third-party manufacturing dependenceImpact: HighLikelihood: High

    Most products are made by outside manufacturers, so production issues can interrupt supply and sales.

    Exposure: OTC and personal care product availability

  2. Manufacturing shortages in eye care productsImpact: HighLikelihood: High

    The company disclosed shortages from limited manufacturers, which have already affected results.

    Exposure: Eye care brands

  3. Customer concentrationImpact: HighLikelihood: Medium

    Walmart and Amazon account for a large share of gross revenues, increasing bargaining and volume risk.

    Exposure: Large retail and e-commerce accounts

  4. Goodwill and intangible asset impairmentImpact: MediumLikelihood: High

    Brand value depends on future sales, margins, and discount-rate assumptions.

    Exposure: Reporting units and indefinite-lived brands

  5. Private label and branded competitionImpact: MediumLikelihood: Medium

    Retailers can substitute private label products, especially in weaker consumer environments.

    Exposure: Mass retail and drug channels

  6. Cybersecurity and IT disruptionImpact: MediumLikelihood: Medium

    Operational and data-security failures could disrupt distribution, customer service, or confidential information.

    ExposureSystemsNetworksBusiness partners

Accounting

Judgemental items
Revenue recognition and variable consideration

Net sales depend on when control transfers and on estimates for rebates, promotions, returns, and discounts.

Impact: Can change reported revenue timing and net sales

Goodwill impairment testing

The company has multiple reporting units and uses discounted cash flow models to assess fair value.

Impact: Can create non-cash impairment charges if assumptions weaken

Indefinite-lived intangible assets

Brand values depend on future sales, margins, and market conditions.

Impact: May require impairment if brand economics deteriorate

Seasonality of advertising and marketing spend

Brand support is timed around seasonal selling periods for certain products.

Impact: Quarterly earnings and margins may not be directly comparable

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026