Newell Brands reports Q1 EPS 0c, consensus (7c)

Reports Q1 revenue $1.65B, consensus $1.64B. Chris Peterson, Newell Brands President and Chief Executive Officer, said, “The decisive actions we’ve taken as part of our new strategy have led to excellent progress on the major operational and financial priorities for this year. During the first quarter, core sales performance improved sequentially, normalized operating margin nearly doubled versus last year and we meaningfully increased operating cash flow. We remain confident in our ability to strengthen the company’s performance and create value for our stakeholders over time, as we continue to move with speed and agility to operationalize our strategy, which focuses on disproportionately investing in innovation, brand building and go-to-market excellence in our largest and most profitable brands and markets.”