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BUZZ- Sharpie maker Newell slides after forecasting annual profit below estimates

Reuters
Feb 06
BUZZ- Sharpie maker Newell slides after forecasting annual profit below estimates

** Shares of Sharpie maker Newell Brands NWL.O down 11.5% at $4 premarket

** Co forecasts annual profit below analysts' estimates, hurt by tariff costs and inflation

** Expects FY26 normalized EPS in the range of 54 cents to 60 cents, compared with analysts' average estimate of 60 cents - data compiled by LSEG

** Sees Q1 normalized loss between 8 cents and 12 cents per share vs. expectations of 3-cent loss

** CEO Chris Peterson says co is "not assuming an improvement in underlying category demand this year" but expects innovation plans, advertising, and increase in points of distribution to help "outgrow our categories and gain market share"

** Shares down ~63% in 2025

(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))

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