Stock News | Market Tamer Stock and Options Training

Shares of Newell Brands (NWL) are trading higher on Friday after the company posted its first quarter report, revealing an increase in gross and operating margins. However, the company saw net sales for the quarter fall 8% year-over-year, citing the impact of unfavorable foreign exchange and business exits. Newell Brands CEO Chris Peterson joins Yahoo Finance Executive Editor Brian Sozzi to give insight into the company's performance for the quarter and the logic behind its strategic operations. Peterson elaborates on the company's focus with certain brands: "We made the strategic choice to focus on the top 25 brands. Over the course of the last nine months, we've already reduced the company's brand portfolio from 80 brands down to about 60, so the quality of the portfolio is improving. Similarly, we made choices on geographies. We play in about 42 countries around the world, but the top ten countries represent about 90% of our sales and profit, so that's where we're focused... I don't believe that the large-scale M&A is needed to drive shareholder value for the company in the next few years." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino

Update: Newell Brands Shares Jump on Q1 Beat

Here's What Key Metrics Tell Us About Newell Brands (NWL) Q1 Earnings

Newell Brands Inc (NWL) Q1 2024 Earnings: Narrowing Losses and Solid Margin Improvements

Newell Brands Announces First Quarter 2024 Results

Here's How Newell (NWL) is Placed Just Ahead of Q1 Earnings

10 Best Soaps and Cleaning Materials Stocks to Buy

Sharpie® Embarks on "The World Is Your Canvas" Tour to Empower Creativity Nationwide

Newell Brands to Webcast First Quarter 2024 Earnings Results

Elmer's® Unveils 'Elmer's Creations': An Inspiration Hub Where Hands-On Activity Promotes Learning

A Look At The Intrinsic Value Of Newell Brands Inc. (NASDAQ:NWL)

7 Top Undervalued Stocks Primed for a Multibagger Recovery