As previously reported, Oppenheimer analyst Rupesh Parikh downgraded Prestige Consumer 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.
