Coleman, Contigo and Marmot Parent Sees Outdoor Segment Widen Q1 Operating Loss on Lower Sales

May 1, 2026

Newell Brands is reporting that its Outdoor & Recreation segment, which includes the Baby Jogger, Campingaz, Coleman, Contigo, Ex Officio and Marmot brands, generated net sales of $175 million compared with $182 million in the prior-year Q1 period, reflecting a core sales decline of 5.7 percent, as well as the impact of favorable foreign exchange.

The operating loss for the segment was $7 million, or negative 4.0 percent of sales, in Q1, compared with $5 million, or negative 2.7 percent of sales, in the prior-year period. Normalized operating loss was $2 million, or negative 1.1 percent of sales, compared with a nominal loss in the prior-year period.

Net sales were $1.5 billion, a decline of 1.1 percent compared with the prior year period, reflecting a core sales decline of 3.5 percent and favorable foreign exchange. Core sales exceeded the Company’s expectations, driven by stronger-than-expected category performance and consumer demand, along with a net pricing benefit from customer programs reflecting better claims experience and improved deduction management.

Operating income was $34 million compared with $21 million in the prior year period. Operating margin was 2.2 percent compared with 1.3 percent in the prior year period. Normalized operating income was $74 million, or 4.8 percent of sales, compared with $71 million, or 4.5 percent of sales, in the prior year period. SGB