Newell Brands Inc Scouting Report: What To Expect From NWL‘s 2Q

研报英文原文证据摘录

Newell Brands Inc Scouting Report: What To Expect From NWL‘s 2Q

Global Research

22 July 2026ab

Newell Brands Inc Equities

AmericasScouting Report: What To Expect From NWL's

2Q Household Products, Durable

12-month rating Neutral *

12m price target US$4.75No Major Surprises Expected For NWL In 2Q

NWL is scheduled to report 2Q26 earnings next Friday (7/31) before the open. For the

quarter, we forecast org. sales growth of +1.6% and EPS of $0.19, which is a penny Price (22 Jul 2026) US$5.21

below the Street. Heading into the print, our conversations suggest that sentiment RIC: NWL.O BBG: NWL US

remains mixed/volatile. While some investors see signs that the turnaround is

progressing, with improving topline and the opportunity for margin expansion, others Trading data and key metrics

continue to question the durability of demand amid weak consumption trends and a 52-wk range US$6.39-3.11

challenged cost environment. As it relates to the quarter itself, we think investors will be Market cap. US$2.18b

looking for greater evidence that recent operational improvements can translate into a Shares o/s 418m (COM)

more durable top-line recovery. Although management remains confident that Free float 99%

distribution gains and improved execution can support a return to growth, latest Avg. daily volume ('000) 10,289

takeaway trends remain underwhelming leaving some questioning whether the Avg. daily value (m) US$49.2

sequential improvement is durable. With relative valuation now broadly within historical Common s/h equity (12/26E) US$2.58b

ranges, we think further upside will require increased confidence that both sales and P/BV (12/26E) 0.9x

margin trends can sustainably exceed current expectations. Net debt to EBITDA (12/26E) 5.0x