ACCO Brands raises 2026 sales growth outlook to 2.0%-5.0% from flat-3.0%
Company now sees 2026 adjusted EPS at $0.87-$0.91, up from $0.84-$0.89
ACCO Brands expects Q3 sales to range from down 1.0% to up 2.0%, adjusted EPS $0.17-$0.21
Overview
U.S. branded consumer products maker's Q2 net sales rose 5%, beating analyst expectations
Adjusted diluted EPS for Q2 rose to $0.29
Company raised full-year 2026 sales and adjusted EPS outlook
Result drivers
EPOS acquisition - Sales growth in Q2 was largely driven by the EPOS acquisition, which contributed 5.7% to total sales and 10.8% to international segment sales
Americas back-to-school and Mexico - Strong back-to-school sell-in and better-than-expected performance in Mexico supported Americas segment sales
International weakness and systems upgrade - International segment saw reduced demand for office products, especially in EMEA and Australia, and shipment disruptions from a planned systems upgrade in EMEA
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support supplies peer group is "buy"
Wall Street's median 12-month price target for ACCO Brands Corp is $9.00, about 107.9% above its July 29 closing price of $4.33
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 3 three months ago
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