Why Newell Brands Stock Jumped 39% on Friday Morning

Newell Brands stock surged as much as 39% on Friday after reporting Q2 earnings that beat analyst expectations, but the gain faded to 10.5% by late morning. While the company reported adjusted earnings of $0.42 per share versus the expected $0.19 and achieved its first revenue growth in over four years, much of the beat came from a one-time $100 million tariff refund. The underlying business showed genuine improvement with core sales growth and expansion in the U.S. market for the first time since the COVID era.