EarningsQ2 2026 Earnings Report
MX:NWL Q2 2026 EPS Results
Actual EPS$7.63
Consensus EPS$3.60
Beat/MissBeat by +$4.04
One Year Ago EPS$4.36
MX:NWL Q2 2026 Revenue Results
Actual Revenue$36.25B
Expected Revenue$35.96B
Beat/MissBeat by +$282.49M
YoY Revenue Growth+3.05%
Earnings Announcement Details
QuarterQ2 2026
Date07/31/2026
TimeBefore Open
Conference CallFriday, July 31, 2026
MX:NWL Upcoming Earnings
Newell Brands's next earnings date is estimated for October 23, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:NWL Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed cautious optimism: Newell delivered an important operational inflection with a return to top-line growth, improved POS/distribution, stronger brand momentum, an elevated innovation pipeline, EPS outperformance and an upwardly revised full-year guide. However, significant and persistent input cost inflation, a sizeable tariff headwind (and dependence on one-time IEEPA recoveries for near-term upside), continued international and Commercial segment softness, and negative YTD operating cash flow temper the enthusiasm. Management’s constructive execution and productivity gains reduce risk, but the results remain partly dependent on non-recurring tariff recoveries and the trajectory of inflation and tariff policy.Company Guidance
Return to Top-Line Growth
Net sales increased 3% in Q2 to approximately $2.0B and core sales grew 2.3% year-over-year — the first return to year-over-year growth in both metrics in over four years.
U.S. Market Leadership and Distribution Gains
U.S. net sales grew approximately 5% in Q2, the first domestic growth since COVID; total points of distribution in the U.S. increased mid-single digits and distribution is expected to remain a contributor in H2.
Broad-Based Brand and Business Unit Momentum
5 of 6 business units delivered year-over-year core sales growth; 7 of the top 10 brands and 5 of the top 10 countries grew. POS improvements: 6 of top 10 brands delivered YoY POS growth and 8 of top 10 improved sequentially.
Notable Brand & Category Wins
Learning & Development delivered nearly 5% core sales growth. Baby and Writing (Sharpie) showed strong performance (Baby double-digit growth; Sharpie and Graco double-digit POS growth). Graco U.S. POS increased at a strong double-digit rate and YTD market share grew by 2.7 percentage points.
Improved Profitability and EPS (Includes One-Time Items)
Reported normalized gross margin rose to 40.8% (vs 35.6% prior year) and normalized operating margin to 16.2% (vs 10.7% prior year). Normalized diluted EPS was $0.42 vs $0.24 prior year (management notes ~ $0.17 per share of Q2 EPS was due to a nearly $100M IEEPA tariff recovery recorded in Q2).
Raised Full-Year Guidance
Management raised FY26 guidance: net sales growth now 1%–2%; core sales flat to +1%; normalized operating margin 10.0%–10.4%; normalized diluted EPS $0.73–$0.77 (prior $0.56–$0.60); operating cash flow outlook ~ $400M.
Stronger Cash & Leverage Trends
YTD operating cash flow outflow improved to $(204)M vs $(271)M prior year (improvement $67M); cash conversion cycle improved by 15 days YoY; trailing 12-month normalized EBITDA ~ $1B producing net leverage of 4.8x (down from 5.5x a year ago) and company expects to finish year below 4.5x.
Productivity & A&P Investment
Approximately $30M of restructuring and other savings and strong FUEL productivity drove overhead improvement (normalized overhead down 60 bps to 18.8%). A&P increased $9M, to 5.7% of sales (up 30 bps) to support a stronger innovation pipeline (on track for >25 Tier 1/2 launches).
MX: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