Newell Brands Inc. (NWL) in Atlanta, Ga., designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions; Home Appliances; Home Solutions; Learning and Development; and Outdoor and Recreation. NEWL shares have slumped 21.6% in price over the past year to close the last trading session at $22.69. However, the stock has gained 3.9% in price year-to-date.
NEWL reported a robust first quarter this year, with its earnings surpassing the Street’s expectations. Also, its sales were ahead of the consensus estimate, with each segment’s performance better than anticipated. Furthermore, the company reaffirmed its full-year 2022 net sales and normalized earnings per share outlook of $9.93 billion - $10.13 billion and $1.85 - $1.93, respectively, bolstering the stock.
