NWL Stock Recent News

Newell Brands reported Q2 '24 earnings, leading to a 40% increase in share price as investors anticipate a turnaround. Q2 numbers showed a decrease in top line but impressive margin improvements, leading to a raised full-year outlook for 2024. The company's focus on best-performing brands and operational efficiency, along with margin improvement strategies, are showing promising results for the future.

Newell Brands (NWL) beat second-quarter expectations and upgraded its full-year guidance after the company made “significant progress" on its turnaround, sending shares of the Yankee Candle owner up 40% on Friday.

Newell (NWL) reports a sales decline in second-quarter 2024, owing to a core sales drop of 4.2% year over year.

Newell Brands Inc. (NASDAQ:NWL ) Q2 2024 Earnings Conference Call July 26, 2024 9:30 AM ET Company Participants Sofya Tsinis - Vice President of Investor Relations Chris Peterson - President and CEO Mark Erceg - Chief Financial Officer Conference Call Participants Peter Grom - UBS William Chappell - Truist Securities Andrea Teixeira - JPMorgan Lauren Lieberman - Barclays Brian McNamara - Canaccord Genuity Chris Carey - Wells Fargo Securities Filippo Falorni - Citi Olivia Tong - Raymond James Operator Good morning, and welcome to Newell Brands Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

The headline numbers for Newell Brands (NWL) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Newell Brands (NWL) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.24 per share a year ago.

Contigo, Graco parent's profit beat views, outlook was raised and gross margins continued to improve

Sharpie Bus continues its "The World Is Your Canvas" tour to celebrate 60 years of innovation and new Sharpie Creative Markers ATLANTA , July 24, 2024 /PRNewswire/ -- Earlier this year, Sharpie®, part of Newell Brands' global portfolio, embarked on a cross-country journey with the brand-new Sharpie Bus as part of the brand's "The World Is Your Canvas" tour, which aims to ignite creativity in celebration of the brand's 60-year history. The tour takes place through the end of the year, visiting events and festivals across the U.S. With four stops in the books so far, the Sharpie Bus is headed to Comic-Con in San Diego this week.

Newell's (NWL) second-quarter 2024 bottom-line performance is likely to reflect the impacts of a tough macroeconomic environment, including soft demand and inflation.

Newell Brands is going to report Q2 results with a similar sequential sales performance expected, combined with slower margin expansion due to increased marketing. I believe that investors should focus on the longer-term sales outlook going forward, as signs of the turnaround should gradually start to show, especially with increased marketing. The stock's valuation now prices in a very slow recovery, being a fair base scenario in my opinion.