Newell Brands(NWL)

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Newell Brands(NWL) - 2020 Q3 - Earnings Call Transcript
2020-10-30 18:56
Financial Data and Key Metrics Changes - In Q3 2020, net sales increased by 5.1% year-over-year to $2.7 billion, with core sales growing by 7.2% [62] - Normalized operating margin improved by over 200 basis points to 14.9%, driven largely by overhead cost savings [63] - Year-to-date cash flow from operations reached $820 million, almost doubling compared to the previous year [68] Business Line Data and Key Metrics Changes - Core sales for the Appliance & Cookware segment grew by 17%, reflecting strong consumption across all regions [64] - The Food business continued its momentum with core sales growth and market share gains across major brands [66] - The Learning and Development segment experienced a decline in core sales by 9.5%, primarily due to challenges in the writing business [67] Market Data and Key Metrics Changes - Online sales maintained a strong double-digit growth trajectory, with e-commerce penetration as a percentage of net sales increasing to 21% from 16% year-over-year [21] - The U.S. market saw strong consumption growth across the majority of the portfolio, particularly in food and home fragrance categories [16] - International businesses accelerated sharply, especially in Latin America, contributing to overall growth [17] Company Strategy and Development Direction - The company is focused on driving consistent top-line growth, investing in consumer-relevant innovation, and enhancing e-commerce capabilities [46][47] - Efforts are being made to reduce complexity and optimize the supply chain, including a significant reduction in SKUs [55][48] - The company aims to build a strong omnichannel presence to create consistent brand experiences for consumers [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about sustaining consumer demand trends driven by at-home behavior and increased focus on sanitization [89] - The company anticipates some choppiness in sales growth due to varying demand across categories and the ongoing pandemic [46] - There is confidence in the long-term growth potential, with plans to continue improving cash flow and operational efficiency [49][51] Other Important Information - The company has successfully reduced excess and obsolete inventory, improving the quality of its inventory [56] - A significant improvement in the net debt to normalized EBITDA leverage ratio was achieved, ending Q3 at 3.9x compared to 4.6x at the end of Q2 [72] - The company is reinstituting guidance for Q4, expecting flat to low single-digit core sales growth [73] Q&A Session Summary Question: How is the company thinking about holiday consumption and potential demand pull-forward? - Management noted that holiday demand may start earlier this year, with strong consumption trends observed in October [84][86] Question: Why is there an expectation for deceleration in sales growth? - Management explained that Q3 benefited from factors unlikely to repeat in Q4, including SAP implementation and Prime Day shifts [97][99] Question: What is the outlook for the Learning category moving into Q4? - Management expects the Learning category to remain challenged in Q4, with a focus on managing retail inventories [116][120] Question: What insights were gained from Amazon Prime Day regarding demand? - The company experienced double-digit growth during Prime Day and continued strong consumption trends post-event [114][115] Question: What is the expected normalized tax rate for next year? - The normalized tax rate is projected to be around 20%, excluding discrete tax items [128]
Newell Brands(NWL) - 2020 Q3 - Earnings Call Presentation
2020-10-30 18:25
1 Q3 2020 Supplemental Information Forward Looking Statements Some of the statements in this presentation and its exhibits, and the accompanying remarks, particularly those anticipating future financial performance, business prospects, growth, operating strategies, the impact of the COVID-19 pandemic and similar matters, are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements generally can be identified by the use of words or phrases, ...
Newell Brands (NWL) Presents At Barclays Global Consumer Staples Conference - Slideshow
2020-09-11 19:19
Barclays Global Consumer Staples Conference Ravi Saligram – President and Chief Executive Officer Chris Peterson – Chief Financial Officer and President, Business Operations Barclays 2020 Forward Looking Statements Some of the statements in this presentation and its exhibits, particularly those anticipating future financial performance, business prospects, growth, operating strategies, the impact of the COVID-19 pandemic and similar matters, are forward-looking statements within the meaning of the U.S. Priv ...
Newell Brands(NWL) - 2020 Q2 - Quarterly Report
2020-08-05 21:17
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended June 30, 2020 Commission File Number 1-9608 NEWELL BRANDS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 36-3514169 (I.R.S. Employer Identification No.) 6655 Peachtree Dunwoody Road, Atlanta, Georgia 30328 ...
Newell Brands(NWL) - 2020 Q2 - Earnings Call Transcript
2020-07-31 22:20
Newell Brands, Inc. (NASDAQ:NWL) Q2 2020 Earnings Conference Call July 31, 2020 11:00 AM ET Company Participants Nancy O'Donnell - Senior Vice President, Investor Relations Ravi Saligram - President & Chief Executive Officer Chris Peterson - Chief Financial Officer & President, Business Operations Conference Call Participants Wendy Nicholson - Citi Lauren Lieberman - Barclays Nik Modi - RBC Capital Markets Steve Powers - Deutsche Bank Bill Chappell - SunTrust Olivia Tong - Bank of America Joe Altobello - Ra ...
Newell Brands(NWL) - 2020 Q1 - Quarterly Report
2020-05-01 20:45
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended March 31, 2020 Commission File Number 1-9608 NEWELL BRANDS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 36-3514169 (I.R.S. Employer Identification No.) 6655 Peachtree Dunwoody Road, Atlanta, Georgia 30328 ...
Newell Brands(NWL) - 2019 Q4 - Annual Report
2020-03-02 21:30
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________ FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED COMMISSION FILE NUMBER December 31, 2019 1-9608 NEWELL BRANDS INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) ___________________ (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 6655 Peachtree Dunwoody Road, 30328 Atl ...
Newell Brands(NWL) - 2019 Q3 - Quarterly Report
2019-11-04 22:10
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended September 30, 2019 Commission File Number 1-9608 NEWELL BRANDS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 36-3514169 (I.R.S. Employer Identification No.) 6655 Peachtree Dunwoody Road, Atlanta, Georgia 3 ...
Newell Brands(NWL) - 2019 Q2 - Quarterly Report
2019-08-02 20:49
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended June 30, 2019 Commission File Number 1-9608 NEWELL BRANDS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Hoboken, New Jersey 07030 (Address of principal executive offices) (Zip Code) Securities registered pursuant t ...
Newell Brands(NWL) - 2019 Q1 - Quarterly Report
2019-05-08 20:56
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended March 31, 2019 Commission File Number 1-9608 NEWELL BRANDS INC. (Exact name of registrant as specified in its charter) DELAWARE 36-3514169 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 221 River Street Hoboken, New Jersey 07030 (Address of ...