Why Newell Brands is trimming its brand portfolio: CEO

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Newell Brands News

Chris Peterson,Operating Margins

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...

) 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.Peterson elaborates on the company's focus with certain brands:"We made the strategic choice to focus on the top 25 brands.

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