Newell Brands Swings to 3Q Loss Despite Higher Sales

By Connor Hart

Newell Brands swung to a loss in the latest quarter, as higher sales and recent cost-savings efforts weren't able to fully offset steeper-than-expected inflation.

The maker of Sharpie markers and Elmer's glue swung to a third-quarter loss of $81 million, or 19 cents a share, from a profit of $21 million, or 5 cents a share, a year earlier.

Stripping out one-time items, Newell Brands notched quarterly earnings of 20 cents a share, in line with the expectations of analysts polled by FactSet.

Sales climbed 3.7% to $1.87 billion, just edging out Wall Street models for $1.86 billion.

Core sales across Newell Brands' home and commercial division climbed 6%, while core sales across the company's learnings and development business ticked up 2.3%. The gains helped offset declining core sales in its outdoor and recreation unit, which fell 6.4%.

Chief Financial Officer Mark Erceg said the latest quarter benefited from stronger-than-expected sales and recent cost-containment efforts, which helped offset higher-than-anticipated inflation.

For the fourth quarter, Newell Brands forecast adjusted earnings of 17 cents to 19 cents a share, the high end of which is in line with Wall Street estimates. Net sales are expected to climb 1% to 3%.

For the year, the company narrowed its adjusted per-share earnings outlook to between 74 cents and 76 cents, the high end of which is once again in line with analyst views. Net sales are now projected to climb 2% to 3%, compared with a prior outlook of up 1% to 2%.

Shares fell 2.4%, to $4.96, in premarket trading Friday.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

October 30, 2026 07:04 ET (11:04 GMT)