Newell Brands Inc. (NASDAQ:NWL) shares surged Friday after the company reported a narrower-than-expected first-quarter loss and improving margins, offsetting continued softness in demand.
The consumer products company said pricing discipline and portfolio strength helped it navigate a choppy sales environment.
Quarterly Details
Newell posted an adjusted loss of 5 cents per share, beating analysts’ estimates of a 9-cent loss. Revenue totaled $1.549 billion, down 1.1% year over year but above the consensus estimate of $1.507 billion. Core sales declined 3.5%.
The Home & Commercial Solutions segment reported net sales of $780 million, with core sales down 6.9%. The Learning & Development segment generated $594 million in net sales, …