Profile
Sector:
Consumer DefensiveIndustry:
Household & Personal ProductsCountry:
United StatesIPO:
17 March 1980Website:
http://www.newellbrands.comNext earnings report:
07 February 2025Last dividends:
30 August 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:54:04 GMTAnalysts recommendations
Institutional Ownership
NWL Latest News
Celebrate the Holiday Season with the Inviting Aromas of Fresh Apples, Caramelized Sugarcane, Ginger, and Warm Cinnamon Woods SOUTH DEERFIELD, Mass. , Oct. 28, 2024 /PRNewswire/ -- The Yankee Candle Company, Inc., part of the Newell Brands portfolio and the leader in home fragrance, is taking candle lovers on a sensory journey around the world this holiday season with its new Passport to the Holidays collection.
In the past, Newell Brands faced significant challenges, including inflation, supply chain issues, and weak consumer sentiment, but recent improvements justify upgrading the stock from a 'sell' to a 'hold'. Despite a revenue decline, Newell Brands saw profitability improvements, with adjusted earnings per share matching analysts' expectations, and operating cash flow showing positive trends. Management's restructuring initiatives, including Project Phoenix, have started to yield results, with notable reductions in net debt and inventory levels, indicating better financial stability.
U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling around 200 points on Friday.
NWL reports a sales decline in third-quarter 2024, owing to a year-over-year core sales drop of 1.7%.
Newell Brands (NWL) shares soared nearly 25% Friday afternoon as the maker of consumer products said its turnaround plan is "on track."
While the top- and bottom-line numbers for Newell Brands (NWL) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Newell Brands (NWL) came out with quarterly earnings of $0.16 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.39 per share a year ago.
ATLANTA--(BUSINESS WIRE)--Newell Brands (NASDAQ: NWL) today announced its third quarter 2024 financial results. Chris Peterson, Newell Brands President and Chief Executive Officer, said, "This is the fifth full quarter since we deployed our new corporate strategy, and based on our reported results, it is clear that Newell Brand's business transformation is well underway. During the third quarter, year-over-year sales performance improved sequentially, we drove continued gross and operating marg.
Get a deeper insight into the potential performance of Newell Brands (NWL) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
NWL's third-quarter 2024 results are likely to reflect the impacts of a tough macroeconomic environment, including inflation.
What type of business is Newell Brands?
Newell Brands Inc. is a leading global company producing consumer and commercial goods with a strong portfolio of well-known brands (Parker, NUK, etc.). Founded in 1903, registered in the state of Delaware, named after its founder Edgar Newell. The product line includes the following groups: Goods for life (household goods, kitchen appliances, tableware, cutlery, home fragrances; children's products and care products, health products, clothing, etc.). Goods for learning (stationery, office and craft supplies, etc.). Goods for work (construction tools, cleaning and waste disposal equipment, etc.). Goods for outdoor activities (plastic items, plastic tableware and food storage containers, etc.).
What sector is Newell Brands in?
Newell Brands is in the Consumer Defensive sector
What industry is Newell Brands in?
Newell Brands is in the Household & Personal Products industry
What country is Newell Brands from?
Newell Brands is headquartered in United States
When did Newell Brands go public?
Newell Brands initial public offering (IPO) was on 17 March 1980
What is Newell Brands website?
https://www.newellbrands.com
Is Newell Brands in the S&P 500?
No, Newell Brands is not included in the S&P 500 index
Is Newell Brands in the NASDAQ 100?
No, Newell Brands is not included in the NASDAQ 100 index
Is Newell Brands in the Dow Jones?
No, Newell Brands is not included in the Dow Jones index
When was Newell Brands the previous earnings report?
No data
When does Newell Brands earnings report?
The next expected earnings date for Newell Brands is 07 February 2025