Rubbermaid Food Storage Set
http://www. com/ip/8832667. adid=1500000000000032346860&veh=dsp.
Building on a very good first quarter set of results, we've reported another strong performance in the second quarter against our toughest competitor from last year. As a result, this morning we announced that we've increased our core sales and
28,000 Rubbermaid 42-Piece Easy Find Lid Food Storage Sets, contrast to 428 the previous Wednesday. 24,000 Instant Pot 7-in-1 Programmable Pressure Cookers, contrast to 182 the previous Wednesday. 14,000 iRobot Roomba 595 Pet Vacuum Cleaning
28,000 Rubbermaid 42-Piece Easy Find Lid Food Storage Sets, compared to 428 the previous Wednesday. • 24,000 Instant Pot 7-in-1 Programmable Pressure Cookers, compared to 182 the previous Wednesday. • 14,000 iRobot Roomba 595 Pet Vacuum
Source: www.thestreet.com
Analyst Joe Altobello. Analyst Olivia Tong. Analyst Jason Gere. KeyBanc Capital Markets. Analyst Lauren Lieberman. Analyst Bill Schmitz. Analyst Bill Chappell. Analyst Rupesh Parikh. Analyst (Operator Instructions). A live webcast of this call is available at NewellRubbermaid. com on the Investor Relations homepage under events and presentations. I will now turn the call over to Nancy O'Donnell, Vice President of Investor Relations. Nancy O'Donnell (VP - IR):. Thank you. Good morning, everyone. I want to welcome you to Newell Rubbermaid's second quarter earnings call. Before we begin, our comments today include forward-looking statements. Such statements are based on assumptions and estimates which could be materially different from actual results. Please take note of Newell's cautionary statements regarding forward-looking statements in the 8-K that we filed with our press release and in our most recent SEC filings. Newell undertakes no obligation to update any forward-looking statement. Also, please note that we will discuss certain non-GAAP financial measures. We have provided in our press release and 8-K filing reconciliations of non-GAAP numbers to comparable GAAP financial measures. Our call today will be led by our President and Chief Executive Officer, Mike Polk, and John Stipancich, our Chief Financial Officer. Now, I'd like to turn the call over to Mike. Mike Polk (President, CEO):. Thank you, Nancy. Good morning, everyone, and thanks for joining our call. Building on a very good first quarter set of results, we've reported another strong performance in the second quarter against our toughest competitor from last year. As a result, this morning we announced that we've increased our core sales and normalized EPS guidance for the full year. Let's get into our second quarter performance. In Q2, core sales grew 5. 1%, and net sales grew 3. 9%. Acquisitions and planned divestitures contributed 480 basis points to net sales growth, which was more than offset by a 600 basis point negative impact due to foreign currency. Normalized gross margin increased 10 basis points to 40% driven by productivity and pricing, partially offset the negative impact of foreign currency, and the mix effect from acquisitions which carry amortization charges. This improvement when coupled with 140 basis point reduction in overheads, funded, and 150 basis point increase in advertising and promotion, with advertising spending up over 70% versus prior year. Normalized EPS was $0. 64, $0. 02 ahead of consensus and 8. 5% ahead of prior year. We achieved this EPS growth despite investing $0. 07 in incremental advertising and promotion and having to overcome an $0. 11 negative impact from foreign currency. Our second quarter core sales growth was broad-based with growth in all five segments and in all four regions. Combined, our Win Bigger businesses grew core sales 6. 5%. Writing core sales grew 10. 8% driven by strengthen innovation, increased marketing support, and pricing. These results were achieved despite having to comp a year-ago period when the US back-to-school sell-in skewed earlier than it did this year. Commercial products grew core sales 1. 6%, successfully lapping nearly 10% growth in the prior-year period with good underlying sellout trends in the US and Europe, as a result of strong innovation and excellent sales execution. Tools grew core sales 1. 3%, successfully lapping nearly 13% growth in the prior-year period associated with last year's expansion of our Brazilian business. We delivered strong results in Europe and Asia-Pacific and solid performance in the US. US tools sellout in Q2 was very strong and we are pleased with the momentum we have building in the business into the second half of the year. Importantly, baby core sales grew 6% in Q2 with very strong Japan and UK results complementing solid US performance to more than offset Western Europe and Russia weakness. Home solutions grew core sales 1. 2% with continued double-digit Rubbermaid food storage growth offsetting planned declines on our lower margin Rubbermaid consumer storage business. In Q2, our recently acquired Contigo and Bubba and Baby Jogger brands delivered outstanding results, growing double digits compared to last year which was prior to our ownership. As you know, we do not include acquisition growth in core sales until their first anniversary with the Company. Had we included this growth, our new brands.
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Rubbermaid Easy Find Lid Glass Food Storage Set, 22-piece
Rubbermaid Easy Find Lids Glass Food Storage Set Better Organization, Better Food Storage. Easy-find lids snap together and to the bottom of containers to keep your ...
Food Storage | Rubbermaid
Rubbermaid now offers five unique food storage lines with organization built right in. ... Rubbermaid Premier food storage containers resist stains and odors.
Rubbermaid Plastic Easy Find Lid Food Storage Set, 42-Piece
Rubbermaid Easy Find Lids Food Storage Set. Better Organization, Better Food Storage Easy-Find Lids snap together and to the bottom of containers to keep your ...
Rubbermaid® Food Storage
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Comfort Food Baked Custard
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Celebration Angel Food Cake
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Newell Rubbermaid (NWL) Earnings Report: Q2 2015 Conference Call Transcript
07/31/15,
via The Street
Building on a very good first quarter set of results, we've reported another strong ... Home solutions grew core sales 1.2% with continued double-digit Rubbermaid food storage growth offsetting planned declines on our lower margin Rubbermaid consumer ...
Newell Rubbermaid Raises Full Year Guidance on Strong Second Quarter Results
07/31/15,
via Benzinga
"We have posted a strong set of second quarter results with core sales growth ... Core sales increased 1.2 percent, attributable to growth in Rubbermaid Food Storage, partially offset by continued planned contraction of the lower margin Rubbermaid Consumer ...
Rubbermaid Easy Find 56-Piece Storage Set
06/23/15,
via dealnews.com
Walmart offers two Rubbermaid Easy Find 28-Piece Food Storage Sets (56 pieces total), model no. 1792658 ... (It's a current low by $16.) Each set includes eight 1/2-cup containers, four 1-1/4-cup containers, four 2-cup containers, four 3-cup containers ...
Rubbermaid 20 piece Easy Find Lids food storage system with Produce Save, Lock-Its, Easy Find Lids & Premier.
Photo by Rubbermaid Products
Rubbermaid 20 piece Easy Find Lids food storage system with Produce Save, Lock-Its, Easy Find Lids & Premier.
Photo by Rubbermaid Products
Rubbermaid 20 piece Easy Find Lids food storage system with Produce Save, Lock-Its, Easy Find Lids & Premier.
Photo by Rubbermaid Products