Sharpie maker Newell Brands jumps after raising annual forecasts

Newell Brands

31/07/2026 11:53

** Shares of Sharpie maker Newell Brands NWL.O up ~14% at $5.86 premarket
** Co raises its annual forecasts, betting on stronger innovation, increased advertising and promotional efforts to boost improvement across the portfolio
** It sees annual net sales between 1% and 2% rise vs prior forecast of flat and a 2% rise 
** NWL expects annual normalized EPS between 73 cents and 77 cents versus prior forecast of 56 cents to 60 cents
** Co posts quarterly normalized EPS of 42 cents largely above expectations of 20 cents - LSEG data
** Co's Q2 reported and normalized results included approximately $100 million pretax, from tariff recoveries related to IEEPA tariffs that were expensed in 2025
** NWL reports Q1 sales of $1.99 billion, beating estimates of $1.98 billion 
** "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 says
** Up to last close, NWL up ~38% YTD

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