|August 24, 2020||0|
Shares of Newell Brands Inc. gain 32.3% in three months – and the fourth straight quarter of earnings increases, despite Covid-19.
These figures are outperforming the industry’s growth of 1.2%, due in part to steady bottom-line performance.
These boom share values are due to the company’s improving top-line trend and robust consumption patterns. They also adapted quickly as consumers increasingly shift to the online platform.
In fact, Newell witnessed double-digit online growth for yet another quarter. Furthermore, the company is witnessing sales growth in a few categories, stemming from the ongoing crisis. This reflects that consumer preference has shifted to certain products, owing to which the company’s Food, Commercial, Appliances & Cookware and Outdoor & Recreation categories are benefiting.
To find out more about Newell Brands, head to their website.