What factors drove the changes in Newell's revenue and profit?

Did Newell beat or miss consensus estimates last quarter?

What is Newell's gross profit margin?

What were the key takeaways from Newell's earnings call?

What is the market's earnings forecast for Newell next quarter?

What is the revenue and EPS growth rate for Newell year over year?

What guidance did Newell's management provide for the next earnings period?

What does Newell do and what are its main business segments?

- **2026 Growth Ambition**: Core sales to outpace -2% category decline, driven by 25 Tier 1/2 innovations and 6.5% A&P support.
- **Margin Expansion**: Normalized operating margin target 8.6%-9.2% (midpoint +50bps YoY), despite $0.30 tariff headwind.
- **Resilience Proven**: 2025 delivered 8.4% operating margin despite $114M tariff impact; 2026 cash flow to rise 40%.
- **Key Wins**: Baby market share +350bps Q4; Yankee Candle Q4 growth 6%; $40M tariff-advantaged wins in 2025.

**【CEO Summary Section】**
- **Strategic Progress**: Despite 2025 challenges from tariffs and consumer demand, Newell Brands exited the year stronger with improved structural economics and resilience. Key initiatives included reducing China sourcing to below 10%, launching a global productivity plan, and investing in domestic manufacturing.
- **Segment Performance**: 
  - **Learning & Development**: Resilient with Sharpie and EXPO innovations, benefiting from domestic manufacturing.
  - **Baby**: Market share up 160bps (Q4: +350bps) due to Graco innovations and pricing adjustments.
  - **Home & Commercial**: Kitchen segment stabilized with Rubbermaid Easy Store Lid innovation; Yankee Candle relaunch drove Q4 growth.
  - **Outdoor & Rec**: Margins improved with simplified execution and innovation pipeline.
- **2026 Outlook**: Core sales expected to outpace -2% category decline, driven by 25 Tier 1/2 innovations, tariff-advantaged wins, and A&P support at 6.5% of sales.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: 
  - Net sales: $1.9B (-2.7% YoY)
  - Normalized gross margin: 33.9% (+70bps YoY)
  - Normalized operating margin: 8.7% (+160bps YoY)
  - Normalized EPS: $0.18 (midpoint of guidance)
- **FY2025 Highlights**: 
  - Normalized gross margin: 34.2% (+10bps YoY)
  - Normalized operating margin: 8.4% (+20bps YoY)
  - Normalized EPS: $0.57 (-16% YoY, due to tariffs)
- **2026 Guidance**: 
  - Core sales: -2% to flat
  - Normalized operating margin: 8.6%-9.2% (midpoint +50bps)
  - Normalized EPS: $0.54-$0.60
  - Operating cash flow: $350M-$400M (+40% YoY)

**【Q&A Highlights】**
- **Innovation Confidence**: 2026 pipeline strongest since Jarden acquisition; Baby and Kitchen price adjustments to support growth.
- **First Quarter Dynamics**: Q1 core sales -7% to -5% due to shelf resets and lapping prior year tariff benefits; Q2+ expected to improve.
- **Tariff Mitigation**: 2026 P&L impact $0.30 (vs $0.11 in 2025), offset by sourcing, productivity, and pricing.
- **Retailer Engagement**: Secured tariff-advantaged wins in Kitchen and Baby; line reviews driving distribution gains.
- **Long-Term Growth**: Target 2%+ core sales growth via innovation, trade-up, and category stabilization.

Newell Brands Inc. (NWL) Q4 2025 Earnings Call Transcript

- **Topline Pressure**: Q3 sales down 7.4% due to $180M tariffs, Brazil/Argentina slowdown, and pricing actions
- **Recovery Path**: Q4 core sales to improve 3.5pts vs Q3, driven by 20+ new products and net distribution gains
- **Financial Impact**: EPS guidance $0.16-$0.20 (includes $50M tariff hit), full year $0.56-$0.60
- **Strategic Focus**: 
  - 2026 innovation pipeline strongest in 10 years
  - 45% of U.S. business now tariff-advantaged
  - 2026 cash flow to strengthen from lower taxes, working capital normalization

**【CEO Summary Section】**
- **Revenue Decline**: Q3 net and core sales both down 7.4%, driven by $180M incremental tariffs, Brazil/Argentina macro slowdown, and aggressive pricing actions. 
- **Key Challenges**: 
  - Retailer inventory reduction (-4-5pts)
  - International market slowdown (-2-3pts)
  - Competitive pricing lag
- **Q4 Outlook**: 
  - Core sales expected to improve 3.5pts vs Q3
  - Strongest innovation pipeline in 10 years (20+ Tier 1/2 products)
  - Net distribution gains to exceed losses
  - Brazil/Argentina recovery

**【CFO Financial Commentary】**
- **Financial Impact**: 
  - Normalized gross margin down 90bps to 34.5%
  - Operating margin 8.9%, down 60bps vs prior year
  - EPS guidance: $0.16-$0.20 (includes $50M tariff impact)
  - Full year EPS: $0.56-$0.60
- **Cash Flow**: 
  - Q3 operating cash flow: $103M vs $346M prior year
  - Full year guidance: $250M-$300M
  - 2026 outlook: Stronger cash flow from lower taxes, working capital normalization

**【Q&A Highlights】**
- **Tariff Strategy**: 
  - 45% of U.S. business now tariff-advantaged
  - 2026 innovation pipeline includes 20+ new products
- **Category Growth**: 
  - U.S. GM categories down 2-3% YoY
  - Low-income consumers (-18-24%) and Gen Z (-10%) leading pullback
- **Execution Strengths**: 
  - 120bps overhead margin improvement
  - 100+ AI use cases deployed
  - $4.5B net debt (5.3x leverage ratio)
  - 2026 CapEx to decline meaningfully

Newell Brands Inc. (NWL) Q3 2025 Earnings Call Transcript

- **Gross Margin Milestone**: 35.6% gross margin, highest in 4 years, with 80 bps Q2 expansion.
- **Tariff Mitigation Success**: Offset $0.16/share of tariffs through pricing and productivity, with $0.05 non-recurring cost.
- **Back-Half Growth Drivers**: $30M incremental sales from tariff wins, record A&P investment, and Yankee Candle relaunch.
- **Updated Guidance**: Full-year EPS $0.66-$0.70, Q4 core sales expected flat after Q3 decline.
- **Long-Term Vision**: Targeting 37-38% gross margin, overhead reduction, and automation-driven margin expansion.

**【CEO Summary Section】**
- **Normalized Operating Margin Expansion**: Q2 normalized operating margin increased by 10 basis points to 10.7%, driven by a 80 basis point rise in gross margin to 35.6%, the highest in 4 years. This reflects 8 consecutive quarters of year-over-year gross margin improvement.
- **Core Sales Performance**: Q2 core sales declined 4.4%, within guidance but below plan. First-half core sales were -3.4%, an improvement from -14.7% in H1 2023 but interrupting sequential progress. Market growth was estimated at low single-digit declines, with Newell holding market share.
- **Tariff-Driven Wins**: Secured incremental business in 13 of 19 categories with domestic manufacturing, and 30+ customer wins leveraging tariff-free inventory. Back-half A&P investment is the highest since 2017, supporting innovation launches like Yankee Candle's brand refresh.
- **Tariff Mitigation**: Implemented 3 price increases to offset $0.16/share of tariffs, with $0.05 non-recurring cost. Guidance assumes low single-digit category decline but expects back-half core sales improvement.

**【CFO Financial Commentary】**
- **Q2 Financial Highlights**: Normalized EPS of $0.24 (high end of guidance) despite 19.2% effective tax rate. Net sales declined 4.8% due to FX and exits, while international core sales grew for the 6th straight quarter.
- **Gross Margin Strength**: 80 bps gross margin expansion offset inflation, lower volume, and tariffs. Operating cash flow outflow of $271M reflected proactive inventory purchases ahead of tariffs.
- **Debt Reduction and ERP Progress**: Fully redeemed $1.25B bonds, 4x oversubscribed. Completed 2 ERP integrations, with 42 ERPs reduced to 2 by Q3 2026.
- **Updated Guidance**: Full-year net sales -3% to -2%, normalized EPS $0.66-$0.70 (tightened from $0.70-$0.76). Q3 EPS guidance $0.16-$0.19 includes $0.11 tariff impact.

**【Q&A Highlights】**
- **Back-to-School Setup**: Record-high fill rates and exclusive wins in markers. Innovation in Baby (Graco SmartSense) and Kitchen (Oster blender) driving growth. Yankee Candle relaunch expected to benefit Q4.
- **Core Sales Concerns**: Sequential progress interrupted by category softness, but improving innovation pipeline and distribution gains expected to drive Q4 flattish core sales.
- **Pricing Response**: Retailers accepting cost-based price increases, with Baby category pricing implemented July 28. Competitors delaying price hikes due to pre-tariff inventory, creating future visibility.
- **Long-Term Margin Outlook**: Gross margin targeting 37-38%, A&P stabilizing at 6.5%, overheads declining as a % of sales. Structural improvements and automation driving margin expansion beyond top-line recovery.

Newell Brands Inc. (NWL) Q2 2025 Earnings Call Transcript

- **Tariff Resilience**: 60%+ U.S. sales manufactured domestically, reducing China exposure to 15% of COGS
- **Gross Margin Expansion**: 7q streak of YoY improvement (+150bps Q1)
- **Baby Gear Mitigation**: 20% price increases, 3-4 months tariff-free inventory
- **Category Growth Risk**: Moderated to -1% to -2% vs. prior flat expectation
- **125% China Tariff Sensitivity**: $0.10 EPS impact (net of $0.10 mitigation)
- **2025 Guidance Maintained**: EPS $0.70-$0.76, operating margin 9-9.5%

**【CEO Opening Remarks】**
- Q1 2025 core sales declined 2.1%, but Learning & Development and International segments grew sequentially for the 5th consecutive quarter.
- Normalized gross margin expanded 150bps to 32.5%, driven by productivity savings and pricing.
- Company maintains 2025 guidance despite moderating category growth outlook to -1% to -2% due to macroeconomic headwinds.
- 60%+ of U.S. sales are manufactured domestically, reducing China tariff exposure to 15% of COGS (down from 35% pre-2024).
- 19 product categories with U.S.-made production advantages vs. China-sourced competitors, including Rubbermaid, Sharpie, Coleman, etc.

**【CFO Financial Update】**
- Q1 normalized EPS: -$0.01 (vs. -$0.06 to -$0.02 guidance range), benefiting from stronger gross margin and core sales.
- Operating cash flow: -$213M (vs. +$32M prior year), driven by tariff-avoidance inventory builds and higher cash bonuses.
- 2025 guidance unchanged: Net sales -4% to -2%, normalized operating margin 9-9.5%, EPS $0.70-$0.76.
- Risk sensitivity: 125% China tariffs could reduce EPS by $0.10 (net of $0.10 mitigation), but 50%+ of baby gear inventory is tariff-free through Q2.

**【Key Tariff Mitigation Actions】**
1. Commodity cost savings: Crude oil -15%, natural gas -10% YTD
2. Supplier cost reductions: 200bps+ in tariff-affected markets
3. A&P spending disciplined while maintaining record investment levels
4. FX hedging gains offset 1-2pts of COGS headwinds
5. U.S. price increases: 20% on baby gear products (effective April/May)
6. SKU simplification: Reduced from 100,000 SKUs to <20,000
7. U.S. manufacturing capacity utilization: 50% in blender plant, 0 China-sourced sales for 8/10 core brands

**【Q&A Highlights】**
- Retail destocking: Minimal impact in Q1, but cautious on 2025 category growth (-1% to -2%)
- Baby gear strategy: 20% price increases, 3-4 months of tariff-free inventory, NUK brand tariff-free production
- Private label opportunity: No, but replacing China-sourced competitors with U.S.-made branded products
- 2026 outlook: Tariff advantages likely accelerate as retailers shift sourcing
- Competitor consolidation: Likely in small appliances, creating market share opportunities

Newell Brands (NWL)-30 Apr 25-2025 Q1 Earnings call transcript

- **2024 Turnaround Success**: 460bps gross margin expansion to 34.1%, 210bps operating margin improvement, and $496M operating cash flow.
- **2025 Growth Ambition**: Core sales -2% to +1%, 9-9.5% operating margin, and 18% EPS growth.
- **Tariff Resilience**: China exposure reduced to <10% by end-2025, leveraging U.S. manufacturing (e.g., Writing, Food Storage) for competitive advantage.
- **Margin Expansion Path**: 110bps op margin expansion in 2025, targeting 13-15% long-term with 37-38% gross margin.


**【CEO Summary Section】**
- **2024 Performance Highlights**: Core sales declined 3.4% YoY, but normalized gross margin improved 460bps to 34.1%, driven by productivity, pricing, and product mix. Operating margin expanded 210bps to 8.2%. The company delevered the balance sheet by nearly one full turn, ending the year with a leverage ratio of 4.9x.
- **2025 Strategic Priorities**: 
  1. Return to top-line growth through innovation (e.g., Graco SmartSense Bassinet, Sharpie Earth Tone Markers) and distribution expansion.
  2. Operating margin improvement >50bps YoY, targeting 9-9.5% for 2025.
  3. Tariff Mitigation: China-sourced imports reduced to <10% of COGS by end-2025, leveraging U.S. manufacturing capabilities (e.g., Writing, Food Storage, Candles).
- **Tariff Strategy**: 15% of COGS currently sourced from China (largely baby products exempt from 301 tariffs), with plans to reduce to <10% by year-end. Mexico imports represent 5% of COGS, monitored for potential trade policy impacts.

**【CFO Financial Commentary】**
- **Q4 2024 Results**: 
  - Core sales -3% (vs. guidance of -4% to -2%), with sequential improvement in H2 2024 (-2.3% vs. H1 2024 -4.5%).
  - Normalized gross margin 34.6% (up 350bps YoY), operating margin 7.1% (up 70bps YoY).
  - Normalized EPS $0.16 (vs. guidance $0.11-$0.14), driven by gross margin expansion and cash flow ($496M operating cash flow vs. $450M target).
- **2025 Guidance**: 
  - Core sales: -2% to +1% (H1 -low single digits, H2 +low single digits).
  - Normalized operating margin: 9-9.5% (vs. 8.2% in 2024).
  - EPS: $0.70-$0.76 (18% YoY growth at midpoint).
  - Operating cash flow: $450M-$500M, targeting 4.5x leverage by year-end.
- **Tariff Impact**: Preliminary guidance excludes U.S.-Mexico/Canada tariffs and China 10% tariff impact. First-quarter operating margin may be negatively impacted by U.S. dollar strength, but pricing actions expected to offset by year-end.

**【Q&A Highlights】**
1. **Core Sales Growth Path**: 
   - 2025: -2% to +1% (excluding 1ppt headwind from exited low-margin businesses).
   - 2026: Outdoor & Recreation segment expected to turn positive with new innovations.
2. **Tariff Outlook**: 
   - China: 15% COGS exposure now, <10% by end-2025. Baby products exempt from 301 tariffs.
   - Mexico: 5% COGS exposure, potential competitive advantage if tariffs imposed.
3. **Margin Expansion**: 
   - 2025: 110bps op margin expansion (vs. 50bps evergreen target), driven by gross margin (fuel savings, automation) and A&P investment ($150M-$270M capex for high-return projects).
   - Long-term: Targeting 13-15% operating margin with 37-38% gross margin and 6-7% A&P spend.


Actual																0.09	0.3	0.84	0.56	0.3	0.56	0.54	0.42	0.36	0.57	0.53	0.16	-0.06	0.24	0.39	0.22	0	0.36	0.16	0.16	-0.01	0.24	0.17	0.18
Forecast																0.0549	0.1798	0.4296	0.4807	0.1344	0.4493	0.497	0.3239	0.2702	0.4676	0.4656	0.1144	-0.0338	0.1339	0.2304	0.1743	-0.0678	0.2137	0.1582	0.1401	-0.0644	0.2399	0.1793	0.1834
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+63.93%	+66.85%	+95.53%	+16.50%	+123.21%	+24.64%	+8.65%	+29.67%	+33.23%	+21.90%	+13.83%	+39.86%	-77.51%	+79.24%	+69.27%	+26.22%	+100.00%	+68.46%	+1.14%	+14.20%	+84.47%	+0.04%	-5.19%	-1.85%

Actual	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	1.89B	2.11B	2.70B	2.69B	2.29B	2.71B	2.79B	2.81B	2.39B	2.53B	2.25B	2.29B	1.80B	2.20B	2.05B	2.08B	1.65B	2.03B	1.95B	1.95B	1.57B	1.94B	1.81B	1.90B
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	1.91B	2.03B	2.48B	2.61B	2.07B	2.56B	2.78B	2.65B	2.28B	2.54B	2.25B	2.23B	1.79B	2.15B	2.12B	1.98B	1.64B	2.05B	1.96B	1.96B	1.54B	1.95B	1.89B	1.88B
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1.45%	+4.12%	+8.71%	+2.84%	+10.79%	+5.88%	+0.25%	+5.90%	+4.84%	-0.20%	+0.14%	+2.53%	+0.63%	+2.36%	-3.47%	+4.99%	+0.52%	-0.68%	-0.48%	-0.63%	+1.44%	-0.69%	-4.27%	+1.00%

NWL

NWL fundamentals

NWL Q4 2025 Earnings

Earnings Call

You can ask Aime

NWL

NWL fundamentals

NWL Q4 2025 Earnings

Earnings Call

NWL Earnings Call Summary for Q4/20258:30 AM on Feb 6, 2026

NWL Earnings Call Summary for Q3/20257:30 AM on Oct 31, 2025

NWL Earnings Call Summary for Q2/20257:30 AM on Aug 1, 2025

NWL Earnings Call Summary for Q1/20259:00 AM on Apr 30, 2025

NWL Earnings Call Summary for Q4/20249:00 AM on Feb 7, 2025

You can ask Aime