NWL - Newell Brands: Looking For Signs Of Gradual Recovery (Rating Upgrade)

2024-07-15 05:40:30 ET

Summary

• Newell Brands is going to report Q2 results with a similar sequential sales performance expected, combined with slower margin expansion due to increased marketing.
• I believe that investors should focus on the longer-term sales outlook going forward, as signs of the turnaround should gradually start to show, especially with increased marketing.
• The stock's valuation now prices in a very slow recovery, being a fair base scenario in my opinion.

Newell Brands Inc. ( NWL ), the consumer product manufacturer with a wide portfolio of brands including Sharpie, Rubbermaid, and Coleman, is going to report the company’s Q2 results on the 26 ^th of July and is still looking to post a core revenue decline with the multi-year turnaround in mind. A gradual demand recovery is expected, and with the turnaround showing some early signs of success, I believe that investors should watch the outlook past Q2 closely....

For further details see: