Newell Rubbermaid Q2 Sales Down 2%
[Friday, July 27, 2012] Newell Rubbermaid today reported second quarter 2012 net sales were $1.52 billion, a decrease of 1.9 percent versus prior year results. Core sales, which exclude the impact of changes in foreign currency translation, grew by 0.4 percent.
Adjusted for an estimated timing shift in customer orders from the second quarter to the first quarter related to the company’s European SAP conversion, core sales in the quarter rose 2.3 percent over the year-ago quarter. Net sales for the first six months were $2.85 billion, an increase of 1.0 percent versus prior year first half results.
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