Newell Brands Q1 Sales Grow
Growth in international markets and e-commerce were key drivers for solid first quarter results at Newell Brands, company officials said.
Growth in international markets and e-commerce were key drivers for solid first quarter results at Newell Brands, company officials said.
Following a fourth quarter in which its core sales were up 2.5%, Newell Brands revised guidance for 2017 down slightly, citing the company’s business with struggling U.S. mall-based retailers.
Following a solid third quarter driven by strong sales in several categories including appliances and writing, Newell Brands raised the lower end of its 2016 full year guidance for core sales and normalized earnings per share.
Newell Brands is moving forward with plans to sell about 10% of its product portfolio across a host of segments that includes home environment products and its consumer storage container business.
The August 15 edition of HOMEWORLD BUSINESS® revealed the 11th Annual “Players,” people to watch in housewares during the next 12 months.
Joseph Arcuri, Newell Brands chief commercial officer, will leave the company on August 31, the company announced in an 8-K filing with the Securities and Exchange Commission.
Newell Brands reported solid sales gains in the second quarter driven by top line growth in several product segments including appliances, Yankee Candle and food and beverage, company officials said.
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