Categories Earnings, Industrials
Earnings: Newell Brands (NWL) reports Q1 2020 results
Suspends full year 2020 guidance
Newell Brands (NASDAQ: NWL) today announced its first quarter financial results for the period ended March 31, 2020.
GAAP Net loss was $1.27 billion, or ($3.02) per share, compared to net loss $151 million or $0.36 per share in the first quarter of 2019.
Net sales declined 8% to $1.9 billion.
COVID-19 had a significant impact on Newell’s sales in March and April, and the company had encountered a sales decline of approximately 25% in April. The company expects this trend to continue through the second quarter.
Although we delivered performance in line with or ahead of expectations in Q1, we expect Q2 to be a very challenging quarter. We are encouraged, however, by the pockets of strength we are seeing in the Food and Commercial businesses as well as recent point of sale trends in the Appliances & Cookware business in the U.S. We remain confident in our liquidity position and our ability to successfully navigate the enterprise during these difficult times.
Ravi Saligram, CEO 
You may also like:
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
