1450 ET - Newell Brands slides 16% after cutting its FY2025 EPS outlook, but CEO Christopher Peterson says the household products maker is making progress on a turnaround strategy. "With second quarter results now posted, first half core sales for 2025 came in at minus 3.4%, which is an improvement versus a year ago, but does interrupt the steady sequential progress that had been delivered during each six-month period up until now," Peterson says on an analyst call. He says core sales have dramatically improved each six-month period since outlining its new corporate strategy in June 2023: going from down 14.7% in the first half of 2023 to down 2.3% in the second half of 2024. He adds that core sales softness this quarter was largely driven by category weakness related to consumers pulling back and retailer actions. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

August 01, 2025 14:50 ET (18:50 GMT)

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