Thanks to a diverse portfolio and strong execution by employees, Newell Brands achieved solid Q2 2022 financial results. Core sales increased on top of a challenging comparison from the prior year, resulting in eight consecutive quarters of growth. Core sales grew in four out of seven businesses: Writing, Commercial, Baby and Outdoor & Recreation and six of our top 10 brands grew, including Sharpie, Paper Mate, Expo, Rubbermaid, Ball and Rubbermaid Commercial Products.
Our global footprint and commitment to unlocking the potential of our international business continues to propel our growth as core sales increased in all four regions.
Despite significant inflationary pressures and supply chain challenges, normalized operating margin was improved as compared to the prior year period.
In our press release, CEO Ravi Saligram stated “Over the past several years we've become a more agile, consumer- and customer-centric organization, and are confident we have the right strategies in place to navigate the softening macro backdrop, while building competitive advantage."
To read more about our Q2 financial results, please read our press release.