Newell Brands announced a strong start to 2022 delivering a seventh consecutive quarter of core sales growth. Q1 2022 net sales grew 4.4 percent and core sales grew 6.9 percent with five out of seven business units increasing core sales compared with the prior year period.
Despite ongoing inflation, normalized operating profit increased 10.4 percent, reflecting the strength of Newell’s diversified portfolio and nimble business model.
In the press release announcing the results, Newell Brands President and CEO Ravi Saligram commented on the company’s commitment to continue driving sustainable and profitable growth while Chief Financial Officer and President, Business Operations, Chris Peterson shared that the company drove a better than anticipated outcome on top and bottom lines and reaffirmed the full year 2022 outlook, despite macro uncertainties and external headwinds.
To read an in-depth breakdown of Q1 financial results, please view the press release, here .