Why Newell Brands Stock Jumped 39% on Friday Morning

Newell Brands (NWL) jumped as much as 39% Friday morning after the consumer products company reported second-quarter adjusted earnings of $0.42 per share, more than doubling the $0.19 consensus estimate. The stock pared gains to 10.5% by late morning as traders digested the earnings composition.

The company posted its first revenue growth in over four years, but a one-time $100 million tariff refund accounted for a significant portion of the earnings beat. Strip out the refund, and the quarter still showed operational progress: core sales grew and U.S. market performance expanded for the first time since the COVID era.

The initial spike reflected the headline earnings surprise and the return to revenue growth after a multi-year contraction. The subsequent fade suggests the market is discounting the non-recurring tariff benefit while weighing whether the core business inflection is sustainable.