Earnings GuidanceNWL raised FY24 EPS guidance after a Q2 beat, with signs of traction in its turnaround, which enabled the company to mitigate weaker macros, counter to investor concern.
Segment PerformanceNWL's high-margin Learning & Development segment beat top line/margins, driving an op profit beat with bias on est revisions higher.
Strategy SuccessNWL's simple new strategy — now five quarters in — which distorts investment to its largest and most profitable brands, is bearing fruit with significant sequential improvement in gross margin and sales.