NWL Stock Recent News

Newell Brands (NWL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Newell (NWL) announces strategic realignment to strengthen commercial capabilities and drive operational efficiencies. The company expects to cut the workforce under the plan.

Newell Brands Inc. NWL, +0.84% said Monday that it will cut its office workforce by about 7% by the end of 2024, as part of a organizational realignment aimed at cutting costs and boosting profitability. Shares of the consumer goods company, with brands including Rubbermaid, Sharpie, Graco and Yankee Candle, edged up 0.2% in premarket trading.

Newell (NWL) looks poised for long-term growth on its recently announced restructuring and cost-saving plans. Near-term headwinds related to tough macro conditions and inflation are concerning.

Newell Brands beat on earnings but fell short of revenue estimates in its third quarter. Revenue declines were broad-based across all segments, but the company lauded margin and cash-flow improvements stemming from its new strategy and restructuring initiatives.

Newell (NWL) reports a sales decline in third-quarter 2023 due to a y/y core sales drop of 9.2%.

Newell Brands Inc. (NASDAQ:NWL ) Q3 2023 Results Conference Call October 27, 2023 9:30 AM ET Company Participants Sofya Tsinis - VP, IR Chris Peterson - President and CEO Mark Erceg - CFO Conference Call Participants Chris Carey - Wells Fargo Securities Andrea Teixeira - JP Morgan Bill Chappell - Truist Securities Peter Grom - UBS Brian McNamara - Canaccord Genuity Olivia Tong - Raymond James Lauren Lieberman - Barclays Filippo Falorni - Citi Operator Good morning, and welcome to Newell Brands Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Investors pulled back on Newell Brands (NYSE:NWL) after the Sharpie-maker slashed its full-year sales and profit guidance when handing down its third quarter financial results. The consumer products company - whose brands include Yankee Candle, Elmer, Oster, Rubbermaid, and Graco – now expects its core sales to decline 13% year-over-year, worse than its prior expectation of a 12% to 10% decline, as inflationary pressures have seen consumers curb their spending.

Although the revenue and EPS for Newell Brands (NWL) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.