Successful Cost Management
Normalized overheads as a percent of sales declined approximately 120 basis points year-over-year, marking the first reduction in 3 years due to savings from realignment plans and technology investments.
Strong Innovation Pipeline
Newell Brands plans to launch over 20 Tier 1 or Tier 2 propositions in 2026, with positive feedback from retailers, indicating the strongest innovation portfolio seen in over 10 years.
Improved Financial Health
Net debt ended the quarter at $4.5 billion, down from the prior year, and the leverage ratio dropped by 20 basis points compared to the second quarter.
Positive Outlook in Writing and Baby Segments
Writing and Baby segments showed resilience, with strong innovation and market share gains despite pricing pressures.