Newell Brands To Reaffirm 2016 And 2017 Outlook At Morgan Stanley Global Consumer & Retail Conference

Newell Brands Inc. (NYSE: NWL) announced it will reaffirm its outlook for fiscal years 2016 and 2017, as provided in its third quarter 2016 earnings press release dated October 28, 2016, during its presentation tomorrow at the Morgan Stanley Global Consumer & Retail Conference.

Chief Executive Officer Michael Polk will present Tuesday, November 15, at 8:00 a.m. ET. The presentation will be webcast live and may be accessed through Events & Presentations in the Investor Relations section of the Newell Brands website at www.newellbrands.com. The webcast will be archived and available for replay following the live presentation.

The company is reaffirming its full year 2016 guidance as follows:
       
2016 Full Year Outlook
 
Reported net sales growth 122.5% to 128.0%
 
Reported earnings per share $1.15 to $1.20
 
Core sales growth 3.5% to 4.0%
 
Normalized earnings per share $2.85 to $2.90
 

As of April 15, 2016, Newell Brands core sales include pro forma core sales associated with the Jarden transaction as if the combination occurred April 15, 2015. Core sales exclude the impact of foreign currency, acquisitions (other than the Jarden acquisition) until their first anniversary and planned and completed divestitures (including the deconsolidation of Venezuela). Newell Brands expects to exit product lines with annual sales of $75 million to $125 million by the end of 2018, which will be reflected as a negative impact on core sales. Beginning with the second quarter of 2016, the company is excluding the amortization of intangible assets associated with acquisitions from its calculation of normalized earnings per share.

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