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Rubbermaid's Q1 sales growth a little light, but guidance solid

Posted Apr 26th 2007 1:48PM by Eric BuscemiEric Buscemi RSS Feed
Filed under: Earnings reports, Newell Rubbermaid (NWL)

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This morning, Newell Rubbermaid Inc (NYSE: NWL) reported strong gross margin improvement, jumping 210bps, a big move. Sales growth came in at 3%, a bit light.

Full-year guidance looks good, however, with sales expected to grow 3% to 5%. Gross margin improvement for the full year also looks solid, with a 150 to 200 bps increase.

At first glance, Newell reported solid results. However, the results are not spectacular, either. It will be hard to find news that will drive this stock higher in the near term. There needs to be more evidence of product initiatives that will get investors excited about this stock and push it higher.

Tags: earnings, guidance, newell, nwl, rubbermaid

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Last updated: November 28, 2009: 12:28 AM

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