Newell Brands jumps after annual sales forecast raise

Newell Brands

01/05/2026 15:16

** Shares of Sharpie maker Newell Brands NWL.O rise as much as 13.2% to a more than two-month high of $4.62 in early trade

** Co sees annual net sales between flat and a 2% rise compared to prior forecast of between a 1% decline and a 1% rise

** Sees annual normalised EPS between 56 cents and 60 cents, compared with prior forecast of 54 cents to 60 cents

** Co also posts narrow Q1 sales beat, smaller-than-expected loss - data compiled by LSEG

** Higher-than-expected consumer demand for products was driven by continued investment in innovation, advertising and promotional support, despite continued existence of a challenging macroeconomic backdrop, CEO Chris Peterson says

** Co sees a $5 million impact from every $5 move in per-barrel price of oil, which co plans to offset if it rises, and reinvest or aid profit if prices decline

** Including session moves, stock has risen 21% YTD

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))