Newell's (NWL) Q2 Earnings Beat Mark, Soft Core Sales Hurt

Net sales declined 7.8% year over year to $2,033 million on lower core sales, as well as the impacts of business exits and adverse foreign exchange. Also, the metric was below the consensus estimate of $2,043 million. Core sales fell 4.2% year over year. However, pricing across the international markets to offset inflation and currency was a significant contributor to core sales. In the past three months, shares of this Zacks Rank #4 (Sell) company have lost 20.6% against the industry's 2.5% growth. The Lea ...