Core Insights - Newell Brands is closing 20 Yankee Candle stores in North America starting January, representing about 1% of brand sales, as part of a strategy to optimize its retail presence and align with modern consumer shopping behaviors [1][4] - The company is also reducing its global workforce by over 900 employees, approximately 10% of its professional and clerical staff, with most cuts occurring in December in the U.S. and continuing internationally through 2026 [4][5] - Newell Brands aims to enhance efficiency and performance through a turnaround plan initiated in 2023, focusing on higher performance expectations and value-driven spending [7][10] Company Strategy - Newell Brands is implementing a global strategy to create a more agile and high-performing organization to better compete in the market [3] - The CEO emphasized the importance of the productivity plan in enhancing efficiency and delivering consistent performance, ultimately aiming to provide greater value for consumers and long-term value for shareholders [9][11]

Core Points - Airbus announced that the majority of its A320 passenger jets have been repaired following a software issue that resulted in the grounding of 6,000 aircraft [1] - The company may face further challenges as it works to resolve the remaining issues and restore full operational capacity [1] Summary by Category Company - Airbus has successfully fixed the vast majority of its A320 jets after addressing a significant software problem [1] - The grounding of 6,000 planes indicates a substantial impact on the company's operations and potential revenue [1] Industry - The incident highlights the vulnerabilities within the aviation industry related to software reliability and aircraft maintenance [1] - The resolution of this issue is critical for the overall recovery and performance of the airline sector, especially as demand for air travel continues to grow [1]

Newell Brands will cut 900 jobs, or 3.8% of its global workforce, and take up to $90 million in restructuring charges, the Sharpie maker said Monday.The company will also close about 20 Yankee Candle stores in the US and Canada, collectively representing roughly 1% of brand sales of the scented candles, by January next year.Consumer goods companies such as Newell have struggled with tariff-related costs as well as weak consumer demand due to inflation and economic uncertainties. 3 The company will also cl ...

Group 1 - Newell Brands will cut 900 jobs, representing 3.8% of its global workforce [1] - The company will incur up to $90 million in restructuring charges [1]

Newell Brands will lay off about 10% of its professional and clerical employees, or over 900 workers, as part of its ongoing cost-savings plan. ...

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: Newell Brands, which runs Yankee Candle, Rubbermaid, Elmer’s and other names, will lay off 900 people, about 10% of its global professional and clerical staff. U.S. cuts begin this month and those abroad will continue through next year, the company said Monday. In January the company will close about 20 Yankee Candle stores in the U.S. and Canada, which ...

Group 1: Dividend Declaration - Newell Brands Inc. declared a quarterly cash dividend of $0.07 per share, payable on December 15, 2025, to common stockholders of record at the close of trading on November 28, 2025 [1] Group 2: Company Overview - Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands including Rubbermaid, Sharpie, Graco, Coleman, and Yankee Candle [2] Group 3: Financial Results - Newell Brands announced its third quarter 2025 financial results, indicating that the company's turnaround continues despite significant trade disruptions faced in the quarter [5][6] Group 4: Community Engagement - Newell Brands awarded $175,000 in local community grants through its Local Impact Grant Program, which is part of the company's commitment to community impact and employee-driven philanthropy [8]

Core Insights - Newell Brands Inc. reported third-quarter results that fell short of analysts' expectations, with adjusted earnings of 17 cents per share, slightly below the expected 18 cents, and revenue of $1.81 billion, missing estimates of $1.88 billion, reflecting a 7.2% decline year-over-year [1] Q4 2025 Outlook - The company projected fourth-quarter 2025 adjusted EPS in the range of 16 to 20 cents, below Wall Street's consensus estimate of 27 cents, and expects quarterly sales between $1.871 billion and $1.930 billion, also missing analysts' estimate of $1.959 billion [2] Full-Year 2025 Guidance - Newell lowered its full-year 2025 guidance, projecting adjusted EPS between 56 and 60 cents, down from a prior forecast of 66 to 70 cents, and below Wall Street's consensus estimate of 68 cents. The full-year sales outlook was also reduced to a range of $7.203 billion to $7.241 billion, compared to the previous estimate of $7.355 billion to $7.430 billion, missing the analyst consensus of $7.346 billion [3] Stock Performance - Following the earnings announcement, Newell shares fell 3.4% to trade at $3.2850, prompting analysts to adjust their price targets [4] Analyst Ratings and Price Targets - Canaccord Genuity analyst maintained a Buy rating but lowered the price target from $9 to $7. RBC Capital maintained a Sector Perform rating and reduced the price target from $8 to $4.5. JP Morgan maintained an Overweight rating and lowered the price target from $6 to $5 [6]

Financial Performance - Net sales for Q3 2025 decreased by 7% to $1,806 million compared to $1,947 million in Q3 2024, primarily due to softness in global demand and reduced retailer inventory levels [122]. - Gross profit for Q3 2025 was $616 million, a decrease of 9% from $679 million in Q3 2024, with a gross margin decline to 34.1% from 34.9% [123]. - For the three months ended September 30, 2025, net sales decreased by 10% to $942 million compared to $1,047 million in 2024, primarily due to soft global demand and distribution losses [129]. - For the nine months ended September 30, 2025, net sales totaled $5,307 million, a decrease of 5.8% from $5,633 million in 2024, impacted by soft global demand across all segments [136]. - H&CS net sales for the nine months ended September 30, 2025 decreased by 9%, impacted by soft global demand and distribution losses, with business exits affecting sales by approximately 1% [146]. - Learning and Development (L&D) net sales for the nine months ended September 30, 2025 decreased by approximately 1% to $2,062 million, while operating income increased by 13.4% to $424 million [148]. - Outdoor and Recreation (O&R) net sales for the nine months ended September 30, 2025 decreased by 6.7% to $599 million, with an operating loss of $5 million, an improvement from a loss of $52 million in the prior year [150]. Operating Income and Expenses - Operating income improved to $119 million in Q3 2025 from an operating loss of $121 million in Q3 2024, reflecting savings from restructuring actions [125]. - Operating income for the three months ended September 30, 2025 was $40 million, a significant improvement from an operating loss of $94 million in the prior year, mainly due to the absence of a $190 million non-cash impairment charge [131]. - Operating income for the nine months ended September 30, 2025 increased to $311 million from $58 million in the prior year, reflecting savings from restructuring actions and the absence of prior year impairment charges [140]. - Operating income for the nine months ended September 30, 2025 was $62 million, a significant improvement from an operating loss of $30 million in the prior year, primarily due to the absence of a $190 million non-cash impairment charge [147]. - Interest expense increased by $8 million in Q3 2025, with a weighted average interest rate of approximately 6.6%, up from 5.8% in Q3 2024 [126]. - Interest expense for the nine months ended September 30, 2025 increased by $14 million due to higher interest rates, with a weighted average interest rate of approximately 6.3% [141]. Taxation - The effective income tax rate for the three months ended September 30, 2025 was 50.0%, compared to a benefit of 3.4% in 2024, driven by lower forecasted pretax book income [128]. - The income tax provision for the nine months ended September 30, 2025 was $28 million, compared to a benefit of $19 million in 2024, reflecting a significant increase in the effective tax rate [144]. Cash Flow and Financial Position - The Company had cash and cash equivalents of approximately $229 million as of September 30, 2025, with cash provided by operating activities decreasing by $243 million to $103 million [154]. - The Company maintains a $1.00 billion senior secured revolving credit facility, with $932 million of availability as of September 30, 2025 [158][159]. - In May 2025, the Company completed the offering of 8.500% senior notes due 2028, using proceeds to fully redeem its 2026 Notes [161]. - The Company was in compliance with all of its debt covenants at September 30, 2025 [163]. Strategic Initiatives - The company is focused on returning to profitable top-line growth through product innovation, distribution expansion, and international market penetration [113]. - The Realignment Plan aims to strengthen front-end commercial capabilities and unlock operational efficiencies, with several changes implemented by the end of 2024 [111]. - The company is committed to improving cash flow efficiency and further deleveraging its balance sheet [113]. Market Challenges - The company continues to face challenges from macroeconomic volatility, inflationary pressures, and shifting consumer preferences [109]. - Changes in foreign currency unfavorably impacted net sales by $32 million, or 1%, for H&CS and $6 million, or less than 1%, for L&D [146][148]. - The Company regularly assesses its cash requirements amid a rapidly changing retail landscape, influenced by inventory control, interest rates, and geopolitical factors [152]. Other Income - The company recorded a pretax gain of approximately $12 million from the sale of its equity interest in a joint venture for about $22 million in August 2025 [120]. - The company realized a pretax gain of $12 million from the sale of its equity interest in a joint venture during the nine months ended September 30, 2025 [143]. Restructuring Costs - Restructuring-related costs for the nine months ended September 30, 2025 were $23 million, down from $40 million in 2024, primarily related to the Realignment Plan [139].

Core Insights - Newell Brands Inc. reported third-quarter results that fell short of expectations, leading to a significant drop in share price by over 31% during intra-day trading [1] Financial Performance - The company reported adjusted earnings of $0.17 per share, slightly below analyst expectations of $0.18 [2] - Revenue decreased by 7.2% year-over-year to $1.8 billion, missing forecasts of $1.88 billion [2] - Core sales declined by 7.4% compared to the previous year [2] Margin Analysis - Gross margin decreased to 34.1% from 34.9%, attributed to higher tariff-related costs [3] - Excluding a one-time $24 million impact from China tariffs, gross margin would have improved by 55 basis points [3] Segment Performance - Home & Commercial Solutions, which includes brands like Rubbermaid and Yankee Candle, experienced a core sales decline of 9.8% [3] - Learning & Development, which includes Sharpie and Paper Mate, reported a 5.6% drop in core sales [3] Future Outlook - The company has lowered its 2025 full-year outlook, now expecting net sales to decline by 4.5% to 5.0% and normalized EPS to be between $0.56 and $0.60 [4] - For the fourth quarter, Newell forecasts a revenue decline of 1% to 4% [4]