Quarterly ResultMay 1, 2026, 04:07 PM
Newell Brands Q1 Net Sales $1.55B; Net Loss $(33)M, EPS $(0.08)
AI Summary
Newell Brands reported Q1 2026 net sales of $1,549 million, a slight decrease from the prior year, but saw an improvement in net loss to $(33) million and diluted loss per share to $(0.08). Operating income increased to $34 million. The company continues to implement its Global Productivity Plan, which includes workforce reductions and store closures, incurring $6 million in restructuring costs during the quarter. Macroeconomic factors such as inflation, soft global demand, and fluctuating interest rates continue to impact the company's operations.
Key Highlights
- Net sales for Q1 2026 were $1,549 million, a decrease from $1,566 million in Q1 2025.
- Net loss for Q1 2026 improved to $(33) million from $(37) million in Q1 2025.
- Diluted loss per share for Q1 2026 was $(0.08), an improvement from $(0.09) in Q1 2025.
- Operating income increased to $34 million in Q1 2026 from $21 million in Q1 2025.
- Restructuring costs, net, were $7 million in Q1 2026, down from $11 million in Q1 2025.
- Net cash used in operating activities was $(233) million in Q1 2026, compared to $(213) million in Q1 2025.
- Short-term debt and current portion of long-term debt increased to $425 million at March 31, 2026 from $130 million.
- Total comprehensive loss improved to $(17) million in Q1 2026 from $(40) million in Q1 2025.