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Newell Brands Raises FY24 Outlook: Adj EPS $0.60-$0.65 From $0.52-$0.62 Prior Vs. $0.60 Estimate, Revenue Decline Of 7%-6% From 8%-5% Decline Prior Vs. $7.63B Estimate

Author: Benzinga Newsdesk | July 26, 2024 07:05am

Outlook for Third Quarter and Full Year 2024

The company initiated its outlook for third quarter 2024 and raised its full year 2024 outlook.

	Q3 2024 Outlook
Net Sales	6% to 4% decline
Core Sales	2% decline to flat
Normalized Operating Margin	8.3% to 8.8%
Normalized EPS	$0.14 to $0.17

	Previous Full Year 2024 Outlook	Updated Full Year 2024 Outlook
Net Sales	8% to 5% decline	7% to 6% decline
Core Sales	6% to 3% decline	4% to 3% decline
Normalized Operating Margin	7.8% to 8.2%	8.0% to 8.2%
Normalized EPS	$0.52 to $0.62	$0.60 to $0.65

Posted In: NWL