Intense Competition: The battery and auto care markets are highly competitive, with established players and private labels exerting pricing pressure and vying for market share, potentially impacting Energizer's sales volume and profitability.

Raw Material Price Volatility: Fluctuations in the cost of key raw materials such as zinc, manganese, lithium, and plastics can significantly impact Energizer's cost of goods sold and gross margins, which may not always be offset by price increases.

Technological Disruption: The evolution of power sources, including advancements in rechargeable batteries, longer-lasting device power, and new energy storage solutions, could reduce demand for traditional disposable batteries, necessitating costly adaptation or risking obsolescence.