Press release
Newell Brands Announces First Quarter 2025 Results
Year-Over-Year Sales Growth Improved Sequentially Strong Gross Margin Expansion Versus Prior Year Affirms Net Sales, Operating Margin and EPS Outlook for
About this update from Newell Brands Inc.
[{"type":"text","content":"\nYear-Over-Year Sales Growth Improved Sequentially\nStrong Gross Margin Expansion Versus Prior Year\nAffirms Net Sales, Operating Margin and EPS Outlook for Full Year 2025\n\n ATLANTA--(BUSINESS WIRE)--\nNewell Brands (NASDAQ: NWL) today announced its first quarter 2025 financial results.\n\nChris Peterson, Newell Brands President and Chief Executive Officer, said, \"We had strong results in the first quarter with core sales growth, operating margin and earnings per share all in-line or better than expectations. In this dynamic environment, we remain focused on driving continued progress on our strategic choices to improve the fundamentals of the business. In addition, our decision to maintain and invest in a robust and extensive in-house domestic manufacturing base while many of our competitors outsourced or off-shored much of their production capability, positions us well to not just manage tariff related sourcing dislocations, but to ultimately benefit from them.\"\n\nMark Erceg, Newell Brands Chief Financial Officer said, \"A series of swift interventions including targeted pricing actions, incremental cost reduction efforts, and rapid sourcing decisions in conjunction with our first quarter bottom-line over delivery gives us confidence we can fully offset the U.S. tariffs and foreign retaliatory tariffs currently in place, other than the additional 125% U.S. tariffs on China, and maintain our original 2025 full year net sales, operating margin and EPS guidance ranges. We have also conducted a sensitivity analysis, and if the additional 125% China tariff remains in effect for the full year Newell Brands’ 2025 normalized EPS could be negatively impacted by as much as $0.10 after the implementation of additional mitigating actions.\"\n\nFirst Quarter 2025 Highlights\n\n\nNet sales were $1.6 billion, a decline of 5.3% compared with the prior year period. Core sales declined 2.1% compared with the prior year period.\n\n\nReported gross margin increased to 32.1% compared with 30.5% in the prior year period. Normalized gross margin increased to 32.5% compared with 31.0% in the prior year period.\n\n\nReported operating margin improved to 1.3% compared with 1.0% in the prior year period. Normalized operating margin was 4.5% compared with 4.8% in the prior year period.\n\n\nReported net loss was $37 million compared with $9 million...