Newell Brands raises full-year sales growth outlook
Updated
Updated · The Wall Street Journal · May 1
Newell Brands raises full-year sales growth outlook
11 articles · Updated · The Wall Street Journal · May 1
The consumer goods company reported first-quarter net sales down 1.1% to $1.55 billion and a $33 million loss, while adjusted loss of 5 cents a share beat expectations.
It now expects 2026 sales to range from flat to up 2%, versus a prior forecast of down 1% to up 1%, and lifted adjusted earnings guidance to 56-60 cents a share.
Newell said stronger consumer demand, improving point-of-sale trends and investment in innovation, advertising and promotions supported the upgrade despite a challenging macroeconomic backdrop.
Newell's turnaround is gaining steam, but profits are missing. Is its big bet on AI the answer?
With consumers seeking value, can Newell's famous brands win the battle against cheaper store-brand alternatives?