Newell Brands set for best day in over two years after raising annual forecasts

Newell Brands

31/07/2026 15:26

Updates
** Shares of Sharpie maker Newell Brands NWL.O rise as much as 39% at $6.27
** If gains hold, stock set for biggest one-day gain since July 2024
** Co raises its annual forecasts, betting on stronger innovation, increased advertising and promotional efforts
** Sees annual net sales between 1%-2% rise vs prior forecast of flat-2% rise 
** Expects annual normalized EPS between 73-77 cents versus 56-60 cents previously
** Co posts quarterly normalized EPS of 42 cents, vs expectations of 20 cents - LSEG data
** Results included about $100 million pretax from tariff recoveries
** NWL reports Q1 sales of $1.99 billion, beating estimates of $1.98 billion 
** "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 says on earnings call
** Up to last close, NWL up ~38% YTD

(Reporting by Shania S Thomas in Bengaluru)
((shanias.thomas@thomsonreuters.com))