Newell Brands set for best day in over two years after raising annual forecasts
NWL•CEO says sales returned to year-over-year growth
"We returned to year-over-year growth in both net sales and core sales for the first time in over 4 years," CEO Chris Peterson said on the earnings call.
Up to the last close, NWL was up about 38% year to date.
Newell Brands raises annual forecasts and beats quarterly estimates
- Shares of Sharpie maker Newell Brands NWL.O rise as much as 39% at $6.27.
- If gains hold, the stock is set for its biggest one-day gain since July 2024.
- The company raised its annual forecasts, betting on stronger innovation, increased advertising and promotional efforts.
- It now sees annual net sales between 1%-2% rise versus a prior forecast of flat-2% rise.
- It expects annual normalized EPS between 73-77 cents versus 56-60 cents previously.
- The company posted quarterly normalized EPS of 42 cents, versus expectations of 20 cents, according to LSEG data.
- Results included about $100 million pretax from tariff recoveries.
- Newell reported Q1 sales of , beating estimates of .
