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We've seen, really across the store, improving results. Part of it seems to be better merchandising, part of it seems to be improved execution, and part of it is just momentum -- once people start going to a store, they tend to return.
At first glance, people probably thought the whole company was up for sale. People had a night to sleep on it.
The first thing they need to do is sell the lousy stores.
Newell will continue to struggle until it can sustain meaningful consolidated revenue growth. We are not sure why the current restructuring will create a meaningfully different result than the last restructuring.
It was an OK quarter from the top line perspective, but the results were weaker than expected, largely due to the floor care business.
This is a company that's beaten consensus estimates for a number of quarters in a row. This time it just hit the consensus with margins a little lower softer than expected.
August sales momentum slowed.
It's a significant restructuring.
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