Newell Brands Backs FY16 Earnings Forecast - Quick Facts

(RTTNews) - Consumer goods company Newell Brands Inc. (NWL) announced Tuesday that it continues to expect fiscal year 2016 normalized earnings per share in the range of $2.75 to $2.90, and core sales growth of 3% to 4%.

On average, 16 analysts polled by Thomson Reuters expect earnings of $2.87 per share for the year. Analysts' estimates typically exclude special items.

Newell Brands said its core sales include pro forma core sales associated with the Jarden acquisition as if the combination occurred April 15, 2015.

Newell Brands expects to exit product lines with annual sales of $250 million to $300 million over the next two to three years.

The company said it will reaffirm its fiscal year 2016 outlook during its presentation today at the Barclays Global Consumer Staples Conference.