Newell Brands Inc. (NASDAQ:NWL), the consumer product manufacturer with a wide portfolio of brands including Sharpie, Rubbermaid, and Coleman, is going to report the company's Q2 results on the 26th of July and is still looking to post a core revenue decline with the multi-year turnaround in mind. A gradual demand recovery is expected, and with the turnaround showing some early signs of success, I believe that investors should watch the outlook past Q2 closely. After my previous article on the company, publ ...

In celebration of National Day of Joy, from now through 7/3, fans can enter for the chance to win a movie ticket* to see Disney and Pixar's Inside Out 2. ATLANTA, June 26, 2024 /PRNewswire/ -- Paper Mate, the iconic writing brand committed to inspiring joy for more than 75 years, is celebrating the National Day of Joy on June 26 by giving away 6,000 tickets* to see Disney and Pixar's must-watch film of the summer: Inside Out 2. People can visit www.feelthejoygiveaway.com to enter for a chance to be one of t ...

Moreover, there is an ongoing concern about the normalization of demand in home-based categories, which have been under pressure. Adverse foreign currency translations, particularly due to hyperinflation in Argentina, are further challenging the company's performance. This environment underscores the complexity and volatility NWL must navigate. These hurdles cannot be ignored in the near term. The Zacks Consensus Estimate for Vital Farms' current financial-year sales and earnings suggests growth of 22.5% an ...

ATLANTA, June 5, 2024 /PRNewswire/ -- DYMO®, a leading provider of innovative labeling solutions and part of the Newell Brands global portfolio, and Taylor, a renowned name in custom label manufacturing, have announced a strategic partnership that makes custom-printed LabelWriter® labels available for use with DYMO LabelWriter® 5 Series printers. (L) Joe Klenke, President, Taylor Labeling Solutions (M) Kris Malkoski, Segment CEO, Learning & Development, Newell Brands (R) Steve Mcdonell, Vice President of En ...

Core Insights - Ball® mason jars are celebrating their 140th anniversary by launching a new Collector's Edition Ball® 140th Anniversary Jar and the Try It All Sweepstakes to promote various uses of the jars [2][3] Company Overview - The Ball® brand, known for its mason jars, has a rich history dating back to 1884 when the first glass jar was produced by the Ball Brothers Glass Manufacturing Company [6] - The brand is part of Newell Brands' global portfolio, which includes several well-known consumer goods brands [7] Product Launch - The new Collector's Edition Ball® 140th Anniversary Jar features a vintage embossed design inspired by patterns from the 1880s and is BPA-free, suitable for canning, crafting, and more [4] - The jars are sold in sets of 4 Regular Mouth jars with bands and SureTight® lids, which can seal contents for up to 18 months, available at major retailers for an MSRP of $14.99 [4] Marketing Initiative - The Try It All Sweepstakes aims to engage hobby enthusiasts by offering 300 participants a chance to win kits that include the new jar and supplies for canning, baking, and gardening [2][4] - The initiative reflects the brand's evolution beyond traditional canning, showcasing its versatility and encouraging creativity among consumers [4]

Newell Brands Inc.'s (NWL) success hinges on its key operational and financial priorities for the year. Notably, in the last quarter, the company operationalized a new operating model and continued to execute its strategy, which emphasizes investments in innovation, brand building and go-to-market excellence for the largest and most profitable brands and markets. The company has been witnessing stronger cross-functional partnerships, which are enabling more agile and efficient decision-making, and streamlin ...

Company Overview - Graco has been a leader in baby products for over 65 years, known for innovative designs that provide peace of mind for parents [1] - Graco is part of Newell Brands Inc., a global consumer products company with a diverse portfolio of well-known brands [5][6] Product Launch - Graco introduced the SmartSense™ Soothing Bassinet and SmartSense™ Soothing Swing, designed to enhance comfort and convenience for families [1] - The SmartSense™ Soothing Bassinet is priced at $399.99 and the SmartSense™ Soothing Swing at $299.99, both available for pre-order on Amazon and other retailers starting June 1 [4] Product Features - The SmartSense™ Soothing Bassinet detects and responds to baby's cries with soothing combinations, including gentle motions, vibrations, white noise, and calming music [7] - The bassinet features breathable mesh sides, a firm flat mattress, and an organic cotton mattress sheet for a safe sleep environment [7] - The SmartSense™ Soothing Swing offers four unique motions and customizable recline positions, along with a 5-point harness for safety [7]

Edwin Tan/E+ via Getty Images Investment Summary My previous investment thesis (published on 15-Feb-24) was a buy rating for Newell Brands (NASDAQ:NWL) as I believed FY24 could see a turnaround for both revenue growth and margin expansion, especially since January '24 performance was tracking well. I continue to attach a buy rating to NWL as the business seems on track to recover sales back to historical growth rates, and the margin outlook is now a lot healthier. 1Q24 Results Update In 1Q24 (26th April), N ...

The company had some encouraging news for shareholders Friday morning.Newell Brands (NWL 12.25%) investors had a great end to their week. The consumer staples company's shares jumped 10% in early Friday trading. That's as compared to a 1.2% rally in the S&P 500. The boost only erased some of Newell Brands' recent losses, though. Shares remain down 10.3% so far in 2024 compared to a 6.9% increase in the wider market.Friday's rally was sparked by positive news on Newell Brands' earnings trends.The good newsMa ...

Restructuring Initiatives - Newell Brands is implementing a restructuring initiative, Project Phoenix, with estimated charges of approximately $100 million to $130 million to streamline operations and reduce complexity [114]. - The Company expects to incur $37 million to $49 million in restructuring charges related to the Network Optimization Project, aimed at improving cost structure and operating margins [112]. - In January 2024, Newell Brands announced a Realignment Plan with expected restructuring charges of $75 million to $90 million to enhance front-end commercial capabilities [115]. - The Company recorded restructuring charges of $22 million during the three months ended March 31, 2024, as part of the Realignment Plan [123]. - Operating income improved to $16 million from an operating loss of $36 million in the prior year, reflecting savings from restructuring actions [131]. Financial Performance - Net sales for the three months ended March 31, 2024, decreased by 8.4% to $1,653 million from $1,805 million in the prior year, impacted by soft global demand and distribution losses [127]. - Gross profit increased by 4.6% to $504 million, with gross margin improving to 30.5% from 26.7% in the prior year, driven by productivity and favorable pricing [128]. - Home and Commercial Solutions segment net sales decreased by 8.0% to $893 million, with operating income improving to $16 million from a loss of $37 million [134]. - Learning and Development segment net sales slightly decreased by 0.9% to $559 million, while operating income increased by 30.6% to $94 million [137]. - Outdoor and Recreation segment net sales decreased by 25.6% to $201 million, with an operating loss of $18 million compared to a loss of $1 million in the prior year [139]. Tax and Interest Expenses - The effective income tax rate for the three months ended March 31, 2024, was a benefit of 85.0%, compared to 12.1% in the prior year, resulting in an income tax benefit of $51 million [133]. - Moody's and S&P downgraded the Company's debt rating to "Ba3" and "BB-", resulting in an annualized interest expense increase of $16 million [126]. Cash Flow and Liquidity - Cash provided by operating activities was $32 million, a significant improvement from a cash used of $77 million in the prior year, reflecting a reduction in working capital [144]. - At March 31, 2024, the company had cash and cash equivalents of approximately $372 million, with $231 million of outstanding borrowings under its $1.0 billion Credit Revolver [144][149]. - The company believes its liquidity position is adequate to fund operations and support growth platforms, with a net availability of approximately $749 million under the Credit Revolver [148][149]. Market Conditions - Newell Brands has secured selective pricing increases and optimized advertising expenses to mitigate the impact of soft global demand and inflationary pressures [120]. - Current macroeconomic conditions, including elevated interest rates and geopolitical conflicts, are expected to negatively impact the Company's operating results and cash flows [119]. Company Overview - Newell Brands operates in over 150 countries and has a strong portfolio of well-known brands, including Rubbermaid, Sharpie, and Coleman [108]. - The Company is focused on improving productivity and streamlining operations to better position itself for long-term sustainable growth [111]. Amortization Changes - The Company has identified certain tradenames with an aggregate carrying value of $322 million that will now be amortized over 10 to 15 years, increasing annual amortization expense by $25 million [124].