Shares of Sharpie maker Newell Brands (NWL.O) were up about 14% at $5.86 in premarket trading.
The company raised its annual forecasts, betting on stronger innovation and increased advertising and promotional efforts to boost improvement across the portfolio.
Up to the last close, NWL was up about 38% year to date.
Updated outlook and quarterly results
It now sees annual net sales rising between 1% and 2%, versus a prior forecast of flat to up 2%.
NWL expects annual normalized EPS between 73 cents and 77 cents, versus a prior forecast of 56 cents to 60 cents.
The company posted quarterly normalized EPS of 42 cents, largely above expectations of 20 cents, according to LSEG data.
NWL reported Q1 sales of $1.99 billion, beating estimates of $1.98 billion.
Management commentary and tariff recoveries
The company's Q2 reported and normalized results included approximately $100 million pretax from tariff recoveries related to IEEPA tariffs that were expensed in 2025.
"Newell Brands returned to year-over-year growth in both net sales and core sales in the second quarter, marking an important milestone in our turnaround," CEO Chris Peterson said.
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