Newell Brands' turnaround strategy is showing signs of progress, with first-quarter core sales declining 3.5% year over year but exceeding management expectations and improving sequentially. Six of the company's top 10 brands gained market share, and six brands posted year-over-year point-of-sale growth for the first time in more than four years. The Learning & Development segment returned to growth, driven by a 4.9% increase in the Baby business, while a $25 million net pricing advantage helped expand operating margin by 30 basis points to 4.8%. Management now expects a return to core sales growth in the second quarter and has raised its full-year sales outlook, supported by a strengthened innovation pipeline that includes 25 Tier 1 and Tier 2 product launches planned for 2026, up from 18 the prior year. Despite ongoing commodity inflation and uneven consumer spending, the company's reduced China sourcing exposure and domestic manufacturing expansion are helping it navigate headwinds.
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United Natural Foods IncNewell Brands IncCore sales decline narrowed, six top brands gained market share, and Learning & Development segment returned to growth.