Normalized Operating Margin Improvement
Normalized operating margin increased by 10 basis points to 10.7%, marking the first time since Q3 of 2022 that all three business segments were positive. This was driven by a normalized gross margin increase of 80 basis points to 35.6%, the highest in four years.
Yankee Candle Brand Refresh
Newell Brands announced a comprehensive brand refresh for Yankee Candle, which includes a new wax formulation, modern design, and a full 360-degree marketing program.
Tariff-Related Business Wins
Newell secured incremental business in 13 of the 19 categories where they have domestic manufacturing capability, leveraging tariff-related advantages.
International Sales Growth
The international business, representing nearly 40% of total sales, delivered a sixth consecutive quarter of positive core sales growth.