Newell Brands has announced a fifth consecutive quarter of core sales growth and sixth straight quarter of domestic consumption growth. Q3 net sales increased 3.3 percent and core sales increased 3.2 percent, the high-end of the evergreen target, and top- and bottom-line outlooks have been raised for full year 2021. In the press release announcing results, Ravi Saligram, Newell Brands President and CEO, shared the top performing businesses and brands, consumer buying patterns, industry challenges and company strategy, among several other impactful topics specific to quarter three. Additionally, Chris Peterson, Newell Brands Chief Financial Officer and President, Business Operations, commented on topics including operating profit, top-line forecast, supply chain challenges and projections for the future. Further details surrounding Project Ovid, a new supply chain initiative, were shared to provide context to the future of Newell Brands’ operating model.
To read through all published Q3 2021 financial results, please view the press release .