Q1 2026 Newell Brands Inc Earnings Call Transcript
Key Points
- Newell Brands Inc (NWL) reported Q1 results ahead of expectations across all key financial metrics.
- Core sales growth was driven by better-than-expected consumer demand and market share gains in the US brand portfolio.
- The Learning and Development segment returned to core sales growth, led by a 4.9% increase in the Baby category.
- The company plans to launch 25 Tier 1 and Tier 2 innovations in 2026, up from 18 in the previous year.
- Newell Brands Inc (NWL) raised its full-year outlook for net sales, core sales, and normalized earnings per share.
- Net and core sales declined by 1.1% and 3.5% respectively compared to the previous year.
- The company faces approximately $50 million of incremental commodity and transportation inflation.
- Tariff costs remain a concern, although partially offset by productivity savings and pricing adjustments.
- The net leverage ratio increased to approximately 5.4 times, indicating higher debt levels.
- Q2 EPS guidance implies margin challenges due to cost inflation and increased advertising and promotional spending.
Good morning, and welcome to Newell Brands' first quarter 2026 earnings conference call. (Operator Instructions) Today's conference call is being recorded. A live webcast of this call is available at ir.newellbrands.com.
I will now turn the call over to Joanne Freiberger, SVP of Investor Relations and Chief Communications Officer. Ms. Freiberger, you may begin.
Thank you. Good morning, everyone, and welcome to Newell Brands' first quarter 2026 earnings call. On the call with me today are Chris Peterson, our President and CEO; and Mark Erceg, our CFO. Before we begin, I'd like to inform you that during today's call, we will be making forward-looking statements, which involve risks and uncertainties. Actual results and outcomes may differ materially, and we undertake no obligation to update forward-looking statements.
I refer you to the cautionary language and risk factors available in our earnings release our Form 10-K, Form 10-Q
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