Newell Brands Reports $33 Million Net Loss and $1.549 Billion Revenue in Q1 2026

Newell Brands Inc. reported a net loss of $33 million for the first quarter of 2026, a slight improvement from a net loss of $37 million in the same period last year. The company’s revenue for the quarter was $1.549 billion, down 1.1% from $1.566 billion in the prior year. The decline in sales was attributed to soft demand, particularly in the Home and Commercial Solutions (H&CS) segment, and unfavorable order timing as customers adjusted their purchasing patterns in anticipation of tariff impacts and price increases. However, the company benefited from a $25 million contribution related to improved claims experience and better deduction management in customer programs, as well as favorable foreign currency impacts that added $42 million to net sales.

Gross profit for the quarter increased by $10 million, or 2%, leading to a gross margin improvement to 33.1% from 32.1% in the previous year. This increase was driven by productivity gains and net pricing actions, although it was partially offset by the impact of lower sales volumes and inflationary pressures. Operating income rose significantly to $34 million, compared to $21 million in the prior year, reflecting the positive effects of restructuring actions under the company’s Productivity Plan, which aims to streamline operations and reduce costs.

In terms of operational developments, Newell Brands continues to execute its global productivity plan, which includes workforce reductions and the closure of approximately 20 Yankee Candle stores in the U.S. and Canada. The company has also been focusing on product innovation and enhancing its brand portfolio. As of March 31, 2026, Newell Brands had total assets of $10.859 billion, an increase from $10.715 billion at the end of 2025, while total liabilities rose to $8.517 billion from $8.324 billion. The company’s cash and cash equivalents stood at $201 million, with approximately $157 million held by non-U.S. subsidiaries.

Looking ahead, Newell Brands faces challenges from ongoing geopolitical tensions, inflationary pressures, and the evolving retail landscape, which may impact consumer demand and operational costs. The company is actively monitoring these macroeconomic conditions and is committed to implementing strategies to mitigate their effects. Newell Brands remains focused on improving its financial position and operational efficiency, with expectations that the benefits of its strategic initiatives will continue to materialize throughout the year. The company’s effective income tax rate for the quarter was 45.9%, reflecting a year-over-year increase in tax benefits, which may influence future financial performance.