Newell Brands reports Q3 gross margin 34.1% compared with 34.9% last year

Gross margin was 34.1% compared with 34.9% in the prior year period, with the positive impact from gross productivity and pricing more than offset by headwinds from tariff costs, volume declines and inflation. Gross margin would have expanded by 55 basis points in the third quarter if not for the temporary $24M impact of one-time China tariffs. Normalized gross margin was 34.5% compared with 35.4% in the prior year period.