Newell Brands Beats Q1 Revenue Forecast, Narrows Loss and Raises Sales Outlook
Newell Brands posted a $33 million first-quarter loss (8 cents per share, adjusted 5 cents) beating estimates for a 9-cent loss and generated $1.55 billion in revenue versus $1.51 billion forecast. The company raised its full-year sales outlook and expects Q2 EPS of $0.16–$0.19 and full-year EPS of $0.56–$0.60 per share.
1. First-Quarter Financial Performance
Newell Brands reported a net loss of $33 million in Q1, equivalent to $0.08 per share, or an adjusted loss of $0.05 per share. The company generated $1.55 billion in revenue, surpassing consensus forecasts of $1.51 billion.
2. Revised Sales Outlook and Forward Guidance
Management raised its full-year sales outlook and projected Q2 EPS of $0.16 to $0.19 per share alongside an annual earnings range of $0.56 to $0.60. The improved guidance reflects stronger demand and positions the company for potential margin expansion.