CLAIM #42728 · 3M Company (MMM) · 2026Q1 earnings call · Apr 21, 2026 · due Dec 31, 2026
“For the year, we expect to see some growth. It will be positive.”
William Brown · CEO
How to check this claim
Look at: Full-year organic growth for the consumer/discretionary segment referenced (year-over-year)
It came true if: Full-year growth rate > 0%
Where: Company segment reporting (10-K / Q4 earnings call commentary)
In context
“e U.S. consumer. We sell a discretionary product. As Anurag mentioned, we had a couple of pockets of strength in the year from new product introductions. I think the team has really gotten back to basics, focusing on priority brands and started to innovate again. The reality is we went for a lot of years without a lot of new product introductions, a lot of Class 3, so they're incremental, some are Class 4, but really starting to kind of be more aggressive on new product introductions. And I think we're holding our own and in fact, starting to gain back shelf space because we have new product coming into the marketplace. Yes, it's not a segment that we see upward movement on pricing, we're trying to contain the discounting that happens half the year. Again, the market is a little bit soft. For the year, we expect to see some growth. It will be positive. It won't be a meaningful driver of the overall 3M growth in the year. But again, we're down 1.3 in Q1, down a little bit more than that in Q4. We were up sort of modestly for the first 9 months of last year at 0.3 points. So I mean, they're hanging right around flat to up a little bit. And when the consumer starts to spend more, we'll have the right products with good innovation, great commercial excellence efforts there, and we'll see that business to return to growth. Andrew Kaplowitz: Helpful. Then Bill, maybe just a little more thoughts about portfolio management. You obviously opted for a JV structure with the purchase of Madison, despite seemingly leaning into safety as one of your priorities. So maybe a little more color on why you chose the JV structure there. And then stepping ba”
Verify independently
SEC filings for MMM ↗ · Claim quote is verbatim from the 2026Q1 earnings call.