Newell Brands reports Q2 EPS of 36 cents, raises FY24 outlook to $0.60-$0.65/share, despite a 7.8% drop in net sales.

Newell Brands reported better-than-expected Q2 earnings (EPS of 36 cents vs. analyst consensus of 21 cents) and raised its FY24 outlook to $0.60-$0.65/share, despite a 7.8% drop in net sales to $2.03bn. The company anticipates a revenue decline of 7%-6% for FY24, down from an earlier forecast of 8%-5%. It also expects an adjusted EPS of $0.14-$0.17 for Q3, with revenue expected to drop by 6%-4%.

July 26, 2024
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