Company Overview - The Yankee Candle Company, Inc. is a leader in home fragrance and part of the Newell Brands portfolio, with a 50-year history of creating long-lasting fragrances for the home [6] - The company offers a wide range of products, including iconic candles, air fresheners, and gifts, sold through various retail channels [6][8] New Product Launch - The Hello, Italy! Collection is a new spring line inspired by the beauty and charm of Italy, designed to bring the Mediterranean spirit into homes worldwide [1][2] - The collection features five new fragrances that evoke the essence of Italian culture and landscapes, available for a limited time [4][7] Fragrance Details - The five fragrances in the Hello, Italy! Collection include: - Capri Glow: Scents of amber, frangipani, and citrus zest [7] - Azure Sky: Aromas of mango, coconut cream, and solar tuberose [7] - Lemon Gelato: Notes of icy lemon, sweet gelato, and fizzy citrus [7] - Olive & Cypress: Fragrances of olive trees, rosemary, and cypress [7] - Pistachio Latte: A blend of pistachio, coconut milk, and vanilla [7] Availability - The Hello, Italy! Collection is available for purchase on YankeeCandle.com, in retail locations, and through major retailers like Target, Meijer, and Kohl's [4]

Newell Brands Inc (NWL) Strategic Overview - The company is well-positioned for growth due to robust business strategies, including optimizing category mix and driving growth within each business unit [1] - Newell's corporate strategy focuses on innovation, brand-building, and go-to-market excellence, alongside achieving standardization and scale efficiencies in supply-chain and back-office functions [2] - The transition to a new operating model aims to enhance organizational effectiveness, agility, and foster a high-performing, innovative culture [3] - Organizational realignment strengthens front-end commercial capabilities, improves accountability, and unlocks operational efficiencies and cost savings [4] - Consumer-driven innovations, such as Graco's SmartSense Soothing Bassinet and Swing, are expected to bolster sales and profitability [5] NWL's Growth Challenges - The company faces a challenging macroeconomic environment, including unfavorable foreign currency impacts and muted demand for discretionary products [6] - The Outdoor & Recreation segment experienced a 20.8% year-over-year decline in net sales and a 16.8% drop in core sales in Q3 2024 [6] Financial Performance and Market Position - NWL's shares have risen 31.9% in the past three months, outperforming the industry's 4% decline [7] - The Zacks Consensus Estimate for 2025 sales is $7.6 billion, indicating a 0.3% year-over-year growth, while EPS is estimated at 77 cents, reflecting an 18% increase [8] Industry Comparison and Stocks to Consider - Freshpet, Inc (FRPT) has a trailing four-quarter average earnings surprise of 144.5%, with current financial-year sales and EPS growth estimates of 27.3% and 224.3%, respectively [10] - Vital Farms (VITL) shows a current financial-year sales and EPS growth estimate of 27.3% and 88.1%, respectively, with a trailing four-quarter average earnings surprise of 48.5% [11] - McCormick & Company (MKC) has a trailing four-quarter average earnings surprise of 13.8%, with current financial-year sales and EPS growth estimates of 0.6% and 8.2%, respectively [12]

Core Insights - The company is executing a corporate strategy focused on innovation, brand-building, and market excellence [1] - Newell Brands Inc. (NWL) has transitioned to a new operating model aimed at enhancing organizational effectiveness and agility [2] - The company is investing in new product propositions, such as Graco's SmartSense Soothing Bassinet and Mr. Coffee Perfect Brew, which are expected to drive sales and profitability [3] Financial Performance - The broader general merchandise market is anticipated to decline by low single digits in 2024, with NWL's net sales expected to decrease by 4-7% year-over-year for the fourth quarter [7] - Core sales are projected to drop by 2-5%, primarily due to adverse foreign currency impacts [7] - The normalized operating margin for the quarter is expected to be between 7-7.7%, with increased selling, general, and administrative expenses [7] Stock Performance - NWL stock has gained 61.7% over the past year, significantly outperforming the Consumer Staples sector's growth of 1.6% and the S&P 500 index's appreciation of 11.6% [11] - The stock is currently trading at a price/earnings ratio of 13.22, which is lower than the industry average of 22.29 and its median of 16.88 [15] Strategic Development - The company has seen sequential improvement in core sales growth for five consecutive quarters, particularly in its Learning & Development unit [13] - Newell's international business remains a key growth driver, bolstered by consumer-driven innovations [12] - Despite challenges in the Outdoor & Recreation segment and a tough macroeconomic environment, the company's strategies are expected to support future growth [16][17]

Core Insights - Newell Brands Inc. (NWL) is positioned for growth due to robust business strategies and a recent corporate strategy aimed at optimizing category mix and driving growth across business units [1][2] - The company's shares have increased by 34% over the past three months, contrasting with a 0.5% decline in the industry [1] Strategic Efforts - Newell's corporate strategy focuses on investing in innovation, brand-building, and market excellence, while also standardizing and achieving scale efficiencies in supply-chain and back-office functions [2] - The company has seen a sequential improvement in core sales growth for five consecutive quarters since implementing the new strategy [2] Organizational Changes - Newell has transitioned to a new operating model to enhance organizational effectiveness and agility, fostering a high-performing and innovative culture [3] - The organizational realignment aims to strengthen front-end commercial capabilities, improve accountability, and unlock operational efficiencies and cost savings [4] Product Innovations - Newell is enhancing its commercial capabilities through consumer-driven innovations, including products like Graco's SmartSense Soothing Bassinet and Mr. Coffee Perfect Brew coffeemaker, which are expected to boost sales and profitability [5][6] Challenges - The Outdoor & Recreation segment has faced challenges, with net sales declining by 20.8% year over year and core sales falling by 16.8% in Q3 2024 [7] - The company is also dealing with a challenging macroeconomic environment, leading to a 4.9% decline in net sales year over year in Q3, attributed to lower core sales and adverse foreign exchange impacts [8][9] Future Outlook - For Q4, Newell anticipates net sales to decline by 4-7% year over year, with core sales expected to drop by 2-5% due to adverse foreign currency effects [10] - The company expects normalized operating margin to be in the range of 7-7.7% for the quarter, with higher SG&A expenses anticipated [10] Conclusion - Newell's strategies and organizational changes are expected to continue delivering growth, with a focus on cross-functional brand management and simplifying regional go-to-market organizations [11]

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]

The upcoming report from Newell Brands (NWL) is expected to reveal quarterly earnings of $0.16 per share, indicating a decline of 59% compared to the year-ago period. Analysts forecast revenues of $1.96 billion, representing a decrease of 4.3% year over year.The current level reflects an upward revision of 1.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Bef ...

Newell Brands Inc. (NWL) is expected to register year-over-year declines in the bottom and top lines when it reports third-quarter 2024 results on Oct. 25, before the opening bell. The Zacks Consensus Estimate for quarterly revenues is pegged at $2 billion, indicating a drop of 4.3% from the figure reported in the year-ago quarter.The consensus estimate for the bottom line is pegged at 16 cents per share, which indicates a year-over-year plunge of 59%. The consensus mark has been unchanged in the past 30 da ...

Core Insights - FoodSaver has launched the Handheld+ 2-in-1 Vacuum Sealing System, which combines a countertop vacuum sealer and a cordless handheld device, offering unmatched versatility in food storage [2][3][4] Product Features - The Handheld+ system keeps food fresh up to 5 times longer compared to ordinary storage methods and helps prevent freezer burn [2][4] - It includes a detachable cordless handheld unit that allows users to vacuum seal, heat seal, and marinate with one device, making it ideal for various food types [3][4] - The handheld device can marinate proteins and vegetables in just 12 minutes, significantly reducing preparation time [3] - The product is designed for easy storage and features a dishwasher-safe removable drip tray for convenient cleanup [4] Market Positioning - The launch addresses consumer concerns about rising food prices and aims to help save money by reducing food waste [4] - The Handheld+ is compatible with all FoodSaver accessories, enhancing its usability and appeal [4] - The product is available in three colors and comes with a variety of vacuum sealing bags and accessories, with a retail price ranging from $149.99 to $169.99 [5] Company Background - FoodSaver is part of Newell Brands, a leading global consumer goods company with a diverse portfolio of well-known brands [7] - The company focuses on quality and expertise in vacuum sealing and food preservation, aiming to reduce food waste and save consumers money [6]

The Ally Love x Contigo collection features best-selling Contigo water bottles, tumblers, and travel mugs outfitted with unique, on-trend designs ATLANTA, Aug. 27, 2024 /PRNewswire/ -- Today, Contigo®, a leading producer of leak-proof beverageware, is debuting a new, limited-edition water bottle collection designed in partnership with fan-favorite Peloton instructor and renowned fitness boss, Ally Love. With nearly half of Americans not hitting their daily water goals, Contigo and Ally are stepping up to ma ...