HeadlinesBriefing favicon HeadlinesBriefing.com

Newell Brands Raises Profit Outlook on Sales Growth

Wall Street Journal US Business •
×

Newell Brands (NASDAQ: NWL) announced second quarter 2026 results showing a return to sales growth for the first time in over four years. Net sales reached $2.0 billion, up 3.0% year-over-year, with core sales growing 2.3%. The company behind Sharpie markers and Elmer's glue exceeded expectations across all key metrics.

CEO Chris Peterson called it an "important milestone in our turnaround," citing stronger innovation and improved go-to-market capabilities. CFO Mark Erceg noted results benefited from gross productivity and disciplined overhead management. Normalized diluted EPS was $0.42 versus $0.24 a year earlier, boosted by approximately $100 million in pretax tariff recoveries related to IEEPA tariffs expensed in 2025 and $26 million from Q1 2026.

The company raised its full-year 2026 outlook, now expecting normalized earnings per share of 73 cents to 77 cents, up from 56 cents to 60 cents previously. All three segments contributed: Learning & Development grew 4.9%, Outdoor & Recreation 3.7%, while Home & Commercial Solutions declined 0.4%. Subsequent to quarter end, Newell Brands entered a new $800 million asset-based revolving credit facility maturing in 2031.