Newell Brands Inc. (NWL)
NASDAQ:NWL
Want to see NWL full AI Analyst Report?
Earnings Data
Report Date
Jul 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.19Last Year’s EPS
0.24Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a cautiously optimistic tone: management reported a stronger-than-expected Q1 with margin expansion, significant brand and POS momentum, and the decision to raise full-year net sales, core sales and EPS guidance. These positives are tempered by continued YoY core sales decline in Q1, a negative normalized EPS in the quarter, elevated net leverage (~5.4x), and a dynamic external cost/tariff environment that adds roughly $50 million of incremental cost risk (partially offset by an improved tariff outlook). Management highlighted meaningful operational improvements (pricing/deduction management, productivity, domestic automation) and a robust innovation pipeline that support their confidence in a Q2 inflection and the raised guidance, but cash outflows, commodity/diesel exposure and tariff fluidity remain notable near-term risks.Company Guidance
Q1 Results Above Expectations
First quarter results came in ahead of expectations across key metrics: net sales down 1.1% YoY but core sales improved sequentially and were only -3.5% YoY; normalized operating margin expanded 30 bps YoY to 4.8% and normalized gross margin expanded 70 bps to 33.2%. Normalized EPS outperformed prior guidance (management noted EPS was $0.03 better than the upper end of prior guidance and Mark reported a normalized -$0.05 loss per diluted share, ahead of previous guidance).
All Segments Outperformed Plan; Brand and POS Momentum
All three segments delivered core sales growth above plan; Learning & Development returned to core sales growth. Baby grew 4.9% in Q1. Six of the top 10 brands gained market share in Q1, six of the top 10 brands delivered year-over-year point-of-sale growth, and seven of the top 10 improved sequential trajectory versus Q4, indicating strengthening consumer demand and retail execution.
Innovation and A&P Investment Ramp
Management is accelerating innovation and marketing: launching 25 Tier 1 and Tier 2 innovations in 2026 (up from 18 in 2025) and increased A&P to support product launches. A&P was just north of 5% of sales (~30 bps higher YoY) to support the strongest innovation program since at least the Jarden acquisition.
Pricing/Deduction Management Benefit
Improved customer program and deduction management produced approximately $25 million of net pricing benefit in Q1, which management states contributed ~160 basis points to reported core sales and ~110 basis points to gross margin for the quarter.
Improved Tariff Outlook vs Prior Expectation
Updated tariff expectations reduced forecasted incremental tariff-related P&L costs to ~$120 million (approx. $0.24 per share) for 2026 versus a prior expectation of ~$146 million (~$0.30 per share), an improvement of ~$26 million (~$0.06 per share). Management is also pursuing potential IEEPA tariff refunds related to ~ $120 million paid in 2025 (not included in current outlook).
Raised Full-Year Top-Line and EPS Guidance
Management raised full-year guidance: net sales now expected flat to +2% (vs prior -1% to +1%), core sales now expected -1% to +1% (vs prior -2% to 0%), and normalized diluted EPS range increased to $0.56–$0.60 (bottom end increased by $0.02). Q2 guidance: net/core sales flat to +2%, normalized operating margin 9.6%–10.2%, normalized EPS $0.16–$0.19.
Operational and Manufacturing Advantages
Company highlighted reduced China-sourced finished goods from ~35% peak to under 10% of global COGS and a highly automated domestic manufacturing footprint (15 U.S. plants + 2 USMCA Mexican plants) that provides capacity to scale domestically and a structural tariff advantage across multiple categories.
Productivity, Restructuring and Capital Actions
Q1 recorded $6 million of restructuring charges (cumulative $46 million) with total expected restructuring-related charges of ~$75–$90 million (largely incurred by end of 2026). CapEx planned at $200 million for 2026 (down from ~ $250 million historical run rate). Company expects to generate ~$60 million of incremental cash by terminating certain nonqualified defined benefit plans.
NWL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NWL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2026 | $4.00 | $4.46 | +11.50% |
Feb 06, 2026 | $4.36 | $4.47 | +2.43% |
Oct 31, 2025 | $4.47 | $3.22 | -27.96% |
Aug 01, 2025 | $5.25 | $4.45 | -15.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Newell Brands Inc. (NWL) report earnings?
Newell Brands Inc. (NWL) is schdueled to report earning on Jul 24, 2026, Before Open (Confirmed).
What is Newell Brands Inc. (NWL) earnings time?
Newell Brands Inc. (NWL) earnings time is at Jul 24, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NWL EPS forecast?
NWL EPS forecast for the fiscal quarter 2026 (Q2) is 0.19.
