Overview

• U.S. consumer goods maker's Q1 sales fell 1.1% but beat analyst expectations

• Normalized EPS for Q1 was negative but beat analyst expectations

• Company raised full-year 2026 outlook for sales and normalized EPS

Outlook

• Newell Brands raises 2026 net sales outlook to flat to 2% growth from (1%) to 1%

• Company lifts 2026 core sales guidance to (1%) to 1% from (2%) to flat

• 2026 normalized EPS guidance raised to $0.56-$0.60 from $0.54-$0.60

Result Drivers

• CONSUMER DEMAND - Higher-than-expected consumer demand, supported by investments in innovation, advertising and promotional activity, drove core sales above company expectations

• PRICING AND PRODUCTIVITY - Net pricing actions and productivity gains more than offset headwinds from volume decline, inflation and tariffs, supporting gross margin improvement

• COST MANAGEMENT - Improved operating performance and disciplined cost management contributed to operating margin expansion and normalized EPS above expectations, per CFO Mark Erceg

Company press release: ID:nBw4BsxRxa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Sales	Beat	$1.55 bln	$1.51 bln (7 Analysts)
Q1 Normalized EPS	Beat	-$0.05	-$0.09 (9 Analysts)
Q1 EPS		-$0.08

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the appliances, tools & housewares peer group is "buy."

• Wall Street's median 12-month price target for Newell Brands Inc is $4.00, about 2% below its April 30 closing price of $4.08

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.