Newell Brand Inc.: Core Sales Progression & Retail Dynamics As A Primary Growth Accelerator! 

Newell Brands recently shared their third quarter 2024 results, highlighting both progress and challenges across various segments. The company has been implementing a new corporate strategy aimed at innovation, brand building, and market excellence for more profitable growth, and their results suggest some positive impacts from these efforts. On the financial front, Newell reported a narrowing decline in core sales to 1.7% in the third quarter, an improvement compared to the previous quarters of 2024. Gross margin increased significantly for the fifth consecutive quarter, evidencing successful cost management against inflationary pressures, and resulted in the highest margin quarter since 2020 at 35.4%. Additionally, the normalized operating margin went up by 210 basis points year-over-year, despite increased spending on advertising and promotion.