Newell Brands Forecasts Q2 Sales Decline Of 9%-7%, With Core Sales To Fall Between 6% to 4%
Portfolio Pulse from Benzinga Newsdesk
Newell Brands projects a sales decline of 9%-7% for Q2, with core sales expected to decrease by 6% to 4%.
April 26, 2024 | 11:09 am
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Newell Brands expects a significant sales decline in Q2, with a projected drop of 9%-7% in overall sales and a 6%-4% decrease in core sales.
The projected decline in both overall and core sales for Newell Brands in Q2 is a negative indicator for the company's financial health and performance. This forecast is likely to impact investor sentiment negatively, leading to potential short-term downward pressure on NWL's stock price. The specificity of the forecasted sales decline percentages indicates a high level of confidence in these projections, further underscoring their importance for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100