17 Июл

Newell now sees 2010 net sales growth at a low to mid single

They touched an intraday and 52 week high of $17.95, a level not seen since early April 2008.PRICE HIKES TO COMBAT RISING COSTSStarting in April, Newell will raise prices across its portfolio of brands celinebagsusale.com, especially on resin based products, to combat a rise in raw material costs, Chief Executive Mark Ketchum said in an interview.Despite the general optimism Replica Celine Handbags, Ketchum ruled out the possibility of any «significant» acquisitions this year. He said the company will focus on paying down debt and make only small bolt on acquisitions if any ranging anywhere between $1 million and $10 million of revenue.The company, which has been gaining market share in the majority of its businesses, said in January that it expected sales to pick up more steam in the second half of 2010.BMO Capital’s Maneaty, who has a «market perform» rating on Newell, expects sales growth to gain traction toward the end of the year, especially in the fourth quarter.Newell now sees 2010 net sales growth at a low to mid single digit percentage rate, compared with prior expectations in the low single digits. It still expects margins to rise by 0.75 to 1.00 percentage point..

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