Newell Brands Q3 sales slightly beat on gains across US

Overview

• U.S. consumer goods company's Q3 sales rose 3.7%, slightly beating analyst expectations

• Normalized EPS for Q3 was in line with analyst expectations

• Company raised full-year 2026 sales outlook after broad-based Q3 growth

Outlook

• Newell Brands raises full-year 2026 net sales growth outlook to 2%-3% from 1%-2%

• Company expects Q4 2026 normalized EPS between $0.17 and $0.19

• Newell Brands forecasts full-year 2026 normalized EPS of $0.74-$0.76

Result Drivers

• BROAD-BASED SALES GROWTH - Co said Q3 sales growth was driven by gains across U.S. and international markets, four business units and seven major brands

• INVESTMENTS IN BRANDS AND MARKETING - Co attributed sales growth to increased investment in consumer insights, brand building, innovation and marketing

• PRODUCTIVITY INITIATIVES - Co said improved productivity helped offset inflation and contributed to higher normalized margins

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

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

• Wall Street's median 12-month price target for Newell Brands Inc is $5.88, about 15.6% above its October 29 closing price of $5.08

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)