Newell Brands Inc. (NWL) Barclays 19th Annual Global Consumer Staples Conference September 8, 2026 4:30 PM EDT
Company Participants
Christopher Peterson – President, CEO & Director
Mark Erceg – Chief Financial Officer
Conference Call Participants
Lauren Lieberman – Barclays Bank PLC, Research Division
Presentation
Lauren Lieberman
Barclays Bank PLC, Research Division
Great. So to close out the day, we are pleased to welcome Newell Brands to the stage. Today, we’re joined by Chris Peterson, President and CEO; and Mark Erceg, the company’s CFO. So thank you both for being here again this year.
Christopher Peterson
President, CEO & Director
We’re excited to be here.
Question-and-Answer Session
Lauren Lieberman
Barclays Bank PLC, Research Division
So I’m going to start with some questions around top line. So second quarter marks the first quarter of core sales growth for the company since second quarter of 2022. So for those in the audience that might be less familiar with recent results, can you maybe give us a walk through kind of what drove this long-awaited inflection?
Christopher Peterson
President, CEO & Director
Sure. So 2023, we launched a turnaround strategy. And a big part of that turnaround strategy was capability improvement on the front-end parts of the business that were required to drive sustainable top line growth. So these are things like consumer insights, brand building, new product innovation and go-to-market. What was exciting is since we launched that turnaround in 2023, in ’23, core sales for the company was down 12%. So we clearly needed to do something different.
We improved in ’24 and ’25 sequentially, but we were still down. What’s exciting about last quarter is all of those things came together, and we delivered 2.3% core sales growth. Importantly, within that 2.3% core sales growth, 7 of our top 10 brands grew, 5 of our 6 business units grew and the U.S. led the
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