Celebrate the Holiday Season with the Inviting Aromas of Fresh Apples, Caramelized Sugarcane, Ginger, and Warm Cinnamon WoodsSOUTH 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. Inspired by beloved global destinations, this six-fragrance collection allows people to experience ...

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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, 2024 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.) 6655 Peachtree Dunwoody Road, Atlanta, Georgia 3 ...

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling around 200 points on Friday.The Dow traded down 0.49% to 42,166.64 while the NASDAQ rose 0.69% to 18,543.06. The S&P 500 also rose, gaining, 0.12% to 5,816.55.Check This Out: Wall Street’s Most Accurate Analysts Give Their Take On 3 Real Estate Stocks Delivering High-Dividend YieldsLeading and Lagging SectorsCommunication services shares rose by 0.7% on Thursday.In trading on Thursday, utilities shares fell by 1.2%.Top Head ...

Newell Brands Inc. (NWL) posted third-quarter 2024 results, wherein sales missed the Zacks Consensus Estimate and fell year over year. Nevertheless, earnings met the consensus mark. The company is making progress in its turnaround efforts. Its front-end commercial capabilities, appear encouraging. The company's normalized earnings per share (EPS) were 16 cents, down from 37 cents in the year-ago quarter. The bottom-line figure met the Zacks Consensus Estimate. Net sales dipped 4.9% year over year to $1,947 ...

Key TakeawaysNewell Brands said its turnaround plan is on track as the maker of consumer products announced it had reduced its losses.CEO Chris Peterson said the company's "business transformation is well underway."The news sent shares of Newell Brands into positive territory for the year. Newell Brands (NWL) shares soared nearly 25% Friday afternoon as the maker of consumer products said its turnaround plan is "on track." The owner of brands such as Rubbermaid, Graco, and Coleman reported it cut its year-o ...

Financial Data and Key Metrics - Core sales improved sequentially, with year-over-year performance showing consistent growth [5] - Gross margin increased for the fifth consecutive quarter, driven by productivity gains that offset inflation [5] - Normalized operating margin exceeded expectations despite higher A&P investments [5] - Normalized EPS was at the high end of the plan, supported by strong operational performance [6] - Net debt reduced by over $560 million in the past five quarters, with leverage ratio improving to 4.9x [8] - Normalized EBITDA increased by 2% on a trailing 12-month basis, from $739 million to $903 million [8] Business Segment Performance - Learning & Development segment delivered three consecutive quarters of positive core sales growth, driven by the Baby business [9] - Home & Commercial segment improved core sales growth by 200 basis points sequentially [9] - Outdoor & Recreation segment showed sequential improvement, with core sales growth moving from -18.2% in Q2 to -16.8% in Q3 [9] - International business achieved positive core sales growth in the first nine months of 2024 [14] Market Performance - Latin America contributed positively to Q3 core sales performance, though currency headwinds impacted net sales [19] - Higher-income households drove demand for premium-priced products, while lower-income households prioritized essential spending [15][16] - Coleman's new marketing campaign on Amazon Prime resulted in a double-digit sales increase post-launch [14] Strategic Direction and Industry Competition - The company's strategy focuses on innovation, brand building, and go-to-market excellence in its largest and most profitable brands [7] - Investments in new product innovation, such as Graco's SmartSense Soothing Bassinet and Swing, are driving market share gains [10][30] - The company is transitioning Coleman from a camping focus to a broader outdoor market, aligning with its strategy reset [14] - The company is expanding distribution across new and existing retailers, contributing to top-line growth [14] Management Commentary on Operating Environment and Future Outlook - The company expects the general merchandise market to improve next year, with low single-digit declines potentially flattening [40] - Management is confident in the company's ability to achieve sustainable top-line growth, driven by innovation and market share gains [67] - The company is monitoring macroeconomic factors, including the upcoming U.S. election, which could impact consumer behavior and market dynamics [40][58] Other Important Information - The company has reduced its SKU count from over 100,000 to 20,000, significantly improving revenue per SKU [54] - A&P investments increased from 4% to 5% of sales, with a long-term target of 6%-7% [50] - The company has diversified its supply chain, reducing reliance on China from over 30% to below 15%, with plans to further reduce it to below 10% by the end of 2025 [58] Q&A Session Summary Question: Divergence in category performance and price/mix contribution [29] - The company highlighted strong performance in the Learning & Development segment, particularly in Baby and Writing, driven by innovation [30] - Price/mix benefits are expected to come from margin-accretive product launches rather than price increases [33] Question: Fourth-quarter guidance and core sales growth inflection [37] - The company expects a low single-digit decline in the general merchandise market for Q4, with retailer shipping windows impacting sales timing [38] - Core sales growth is expected to improve in 2025, driven by stronger innovation and market share gains [39] Question: Outlook for specific categories (kitchen electrics, fragrance, baby, camping) [42] - Categories with long purchase cycles, such as kitchen appliances, are expected to return to growth as COVID-related demand normalization concludes [43] - The Baby and Writing segments are benefiting from strong innovation pipelines, while Outdoor & Recreation is expected to take longer to recover [44][45] Question: Innovation and A&P investment levels [48] - The company plans to increase A&P investment to 6%-7% of sales over time, focusing on ROI-driven spending [50] - Distribution losses in 2024 were a headwind of a couple of points, but the company expects distribution to be a positive driver in 2025 [52] Question: COVID demand normalization and election impact [56] - The company believes the normalization of COVID-related demand pull-forward is nearing completion, which should benefit category growth in 2025 [57] - The company has diversified its supply chain to mitigate tariff risks, with China exposure reduced to below 15% and expected to fall below 10% by the end of 2025 [58] Question: Sustainability of profit improvement [61] - The company expects continued profit improvement through productivity savings and gross margin expansion, even if revenue growth remains uneven [62] Question: Long-term growth targets and competition [65] - The company is focused on achieving sustainable top-line growth through investments in consumer insights, innovation, and brand building [66] - The company views competition as a validation of its strategy, particularly in categories responsive to innovation and strong branding [69] Question: Profitability and cost savings outlook [71] - The company has a strong pipeline of productivity savings, particularly in the supply chain, with over 6% cost of goods sold takeout expected in 2024 [72] - Additional savings are expected from automation, AI implementation, and overhead efficiency improvements [73][74]

Newell Brands (NWL) reported $1.95 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 4.9%. EPS of $0.16 for the same period compares to $0.39 a year ago. The reported revenue represents a surprise of -0.76% over the Zacks Consensus Estimate of $1.96 billion. With the consensus EPS estimate being $0.16, the company has not delivered EPS surprise. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...

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. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this consumer products company would post earnings of $0.21 per share when it actually produced earnings of $0.36, delivering a surprise of 71.43%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Newell Brands, ...

Newell Brands Announces Third Quarter 2024 Results Turnaround On Track As Year-over-Year Sales Improve Sequentially Strong Gross and Operating Margin Performance Versus Prior Year Raises Outlook for Full Year 2024 ATLANTA, GA – October 25, 2024 – 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 ...