Newell Brands Raises Sales Outlook
Newell Brands reported lower first-quarter sales but increased its full-year sales outlook, anticipating that its turnaround strategy will lead to topline growth. This improved forecast is attributed to better-than-expected demand for its products, including Yankee Candle and Sharpie markers, with six of its top ten brands gaining market share in the U.S. Shares of Newell Brands rose in premarket trading following this announcement.
https://www.wsj.com/business/retail/newell-brands-raises-sales-outlook-7e3fd8a3