NWL Reported this cycle

Newell Brands

Atlanta, GA Founded 1903 Household & Consumer Products

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Latest analysis

Updated Oct 30, 2026

Newell Brands Q3 2026: Revenue up 4% on innovation and distribution gains, but $101M tradename impairment and ongoing tariff complexity dominate the quarter

Newell Brands posted Q3 2026 net sales of $1.873 billion, a 3.7% year-over-year increase driven by product innovation launches and distribution gains in H&CS and L&D, while O&R continued to contract. The headline result is obscured by a $101 million non-cash impairment charge on an H&CS tradename — triggered by higher operating costs and rising interest rates — which swung consolidated operating income from $119 million to $27 million. The nine-month gross margin expansion to 36.4% (from 34.0%) reflects a one-time $100 million IEEPA Tariff refund recognized in Q2 2026 rather than structural margin recovery; stripping that out, the underlying cost environment remains pressured by inflation and higher incentive compensation.

Tone: mixed

Revenue

$7.2B

NWL 10-K · FY 2025

Employees

21,900

Revenue growth YoY

-5%

Founded

1903

Profile

NWL 10-K Item 1 · Feb 13, 2026

Newell Brands is a leading global consumer goods company with a portfolio of well-known brands spanning household products, writing instruments, baby gear, and outdoor recreation equipment. The company sells products in over 150 countries and operates through three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. It is executing a multi-year turnaround strategy aimed at improving top-line growth, expanding margins, and reducing complexity.

Read filing description ↓

Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands, including Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, Dymo, EXPO, Elmer's, Oster, NUK, Spontex and Campingaz. Newell Brands is focused on delighting consumers by lighting up everyday moments. The Company sells its products in over 150 countries around the world and has operations on the ground in more than 45 of these countries, excluding third-party distributors. The Company's three primary operating segments are Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Company is actively advancing the strategic priorities identified through its comprehensive capability assessment completed in 2023. These priorities are based on a clear set of 'where to play' and 'how to win' strategic choices with the goal of improving the Company's top line, expanding margins and improving cash flows with a new operating model, critical talent upgrades and a culture redesign. In 2025, the Company continued to strengthen the foundational capabilities needed to compete effectively, and began to see progress across innovation, brand building, productivity and commercial execution. While meaningful progress has been made, the Company remains in the execution phase of its multi-year transformation and expects the benefits of these capability improvements to continue to phase in over time.

Primary products

Commercial cleaning and maintenance solutions
Closet and garage organization
Hygiene systems and material handling solutions
Kitchen appliances
Food and home storage products
Fresh preserving products

Business segments

Home and Commercial Solutions Learning and Development Outdoor and Recreation

End markets

Mass merchants Warehouse clubs Home centers Department stores Drug/grocery stores Specialty retailers Discount stores E-commerce retailers Commercial products distributors Office superstores Office supply stores Contract stationers Sporting goods retailers Direct-to-consumer

Geographies

North America Europe, Middle East and Africa Latin America Asia Pacific

Named customers

Amazon.com Inc. Walmart Inc. and subsidiaries Costco Wholesale Corporation Grainger Inc. Office Depot Inc. Staples Inc. Target Corporation The Home Depot Inc.

The Company's largest customer in 2025, Amazon, accounted for approximately 17%, 15% and 13% of net sales in 2025, 2024 and 2023, respectively. Walmart Inc. and subsidiaries, the Company's second largest customer in 2025, accounted for approximately 13%, 14% and 15% of net sales in 2025, 2024 and 2023, respectively.

“The Company's principal methods of meeting its competitive challenges are creating and maintaining leading brands and differentiated products that deliver superior value and performance, delivering superior customer service and consistent on-time delivery and producing and procuring products at a competitive cost.” Competitive position, as stated in the filing

Revenue commentary · FY 2025

Net sales decreased 5% compared to the prior year, unfavorably impacted by soft demand across all segments, net distribution losses and product line exits, partially mitigated by product innovation launches.

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