Profile
Sector:
Consumer DefensiveIndustry:
Household & Personal ProductsCountry:
United StatesIPO:
17 March 1980Website:
http://www.newellbrands.comNext earnings report:
26 July 2024Last dividends:
31 May 2024Next dividends:
N/APrice
after hours | 87 min agoAnalysts recommendations
Institutional Ownership
NWL Latest News
Newell Brands (NWL) focuses on overhead cost reduction, streamlining the operating model and centralizing supply-chain functions amid core inflation challenges.
Newell Brands' (NWL) new operating model, innovation, brand building and margin expansion have been driving growth amid a challenging macroeconomic environment.
Newell Brands' core sales in the first quarter of 2024 decreased by 4.8%, which was better than anticipated and suggests a positive trend in sales. I anticipate further improvement in core sales moving forward. The company showed strong gross margin performance, and the outlook for margins looks promising, potentially leading to margin growth in the future.
Newell Brands made progress in halting its decline in sales as management confirmed its 2024 projections.
Newell (NWL) announces a decrease in sales for the first quarter of 2024, attributed to a core sales decrease of 4.7% compared to the previous year.
Shares of Newell Brands (NWL) saw a significant increase in trading on Friday as the company highlighted the positive outcomes of its restructuring strategy, leading to stronger than anticipated results.
While the revenue and EPS figures for Newell Brands (NWL) provide insight into its performance in the quarter ending March 2024, it is important to also analyze how certain key metrics stack up against Wall Street expectations and the previous year's results.
Newell Brands Inc.'s stock rose by 7.8% in premarket trading on Friday following an improvement in margins, a reduced first-quarter loss, and revenue that exceeded expectations.
Newell's (NWL) strategic endeavors, including enhancing digital business and cost-saving efforts, bode well.
The market has a risk-on sentiment that is shifting investor sentiment to growth stocks. This includes low-priced small-cap equities that trade at a low price.
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 does Newell Brands report earnings?
The next expected earnings date for Newell Brands is 26 July 2024