Newell Brands Provides 2017 Initial Outlook

(RTTNews) - Newell Brands (NWL) said its initial outlook for 2017 core sales growth is 3 to 4 percent and normalized earnings per share is $2.85 to $3.05. 2017 normalized earnings per share outlook includes $0.20 of dilution, net of interest benefits, related to the planned divestiture of about 10 percent of the company's portfolio.

Newell Brands raised the lower end of its 2016 full year guidance ranges for core sales growth and normalized earnings per share versus its previous earnings guidance of 3 to 4 percent core sales growth and normalized earnings per share of $2.75 to $2.90. For 2016, the company now expects core sales growth in the range of 3.5% to 4.0%, and normalized earnings per share in a range of $2.85 to $2.90.