ACCO Brands Corporation Q2 2026 Earnings Recap

ACCO Brands shares edged down 0.2% following a quarter that met expectations but highlighted persistent softness in technology peripherals and Brazil, along with a cautious outlook for the second half.

Key Takeaways

• Reported sales rose 5% year-over-year, driven primarily by the EPOS acquisition and favorable foreign exchange; however, comparable sales declined 2% as organic demand softened.
• The Americas segment benefited from strong North American back-to-school sales and growth in Mexico, but weakness persisted in Brazil due to a soft economy and consumer hesitancy.
• Technology peripherals continued to face headwinds from elevated hardware costs, chip shortages, and shifting consumer and enterprise spending patterns, causing ongoing pressure on related categories.
• Adjusted gross margin improved slightly by 20 basis points to 33.1%, aided by cost-saving initiatives that offset inflation and volume declines.
• EPOS integration remains on track, contributing to sales above expectations and expected to deliver $80 million in revenue in 2026, while cost synergy targets remain unchanged.