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 ...

Group 1: Event Overview - Sharpie is sponsoring Art Battle at a flagship event in Los Angeles on August 24, 2024, featuring live art competitions with audience participation [1][2] - The event will consist of three rounds of competition, with over $5,000 in prizes, including a year's supply of Sharpie products [3] Group 2: Product Promotion - The New Sharpie Creative Markers are highlighted for their bold colors and versatility, allowing artists to express themselves on various surfaces [2] - The markers feature a bullet tip and a unique brush tip, providing artists with innovative tools for time-limited competitions [2] Group 3: Brand Engagement - The Sharpie Bus, celebrating the brand's 60th anniversary, will travel to various creative events across the U.S., allowing fans to engage with the brand and test the new markers [3] - Attendees can learn about Sharpie's history and experience the new product offerings firsthand [2][3] Group 4: Company Background - Sharpie, part of Newell Brands, has a long history dating back to 1964, known for its wide range of permanent markers and writing instruments [4] - Newell Brands is a leading global consumer goods company with a diverse portfolio of well-known brands [5] Group 5: Art Battle Background - Art Battle has been engaging audiences since 2001, hosting over 3,000 events worldwide and showcasing the creative process of more than 10,000 artists [6]

Newell Brands Inc. (NWL) stock has been under pressure lately, with shares dropping as much as 21.5% in the past three months, while the broader Zacks Consumer Products – Staples industry has dipped 1.9%. The stock's current trading level is 36% below its 52-week high of $10.72. The company has been witnessing a challenging macroeconomic environment and elevated levels of core inflation that have led to muted demand for discretionary and durable products. This resulted in a 7.8% yearover-year decline in sec ...

New Fragrances Embrace the Most Memorable Moments of Fall with Fragrances Ranging from Lake Mist and Cedarwood to Amber and Soft Leather SOUTH DEERFIELD, Mass., Aug. 5, 2024 /PRNewswire/ -- The Yankee Candle Company, Inc., part of the Newell Brands portfolio and the leader in home fragrance, announces today the launch of a new assortment of fall fragrances, The Cottage Getaway Collection. The new fall collection features six fragrances that capture the essence of the perfect fall weekend away with your fami ...

Q2 Numbers Author For revenues, there isn't a lot of information to gauge how well the strategy is going to work out in the end, however, for the sake of forecasting, I decided to go with around a 7% decrease in top-line for FY24, as per management's updated numbers, -2% for the following year, flat for FY26 and a slight bounce in FY27 that will taper off to 2% growth by FY33, giving me an overall CAGR of 2% over the decade. As per below. Newell Brands (NASDAQ:NWL) has recently reported Q2 '24 earnings, whi ...

Table of Contents FORM 10-Q (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.) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing ...

Core Insights - The company reported a 7.8% year-over-year decline in net sales to $2,033 million, primarily due to lower core sales, business exits, and adverse foreign exchange impacts, falling short of the consensus estimate of $2,043 million [1] - Core sales decreased by 4.2% year over year, although pricing strategies in international markets helped mitigate some inflation and currency effects [1] Segment Performance - The Learning and Development segment achieved net sales of $813 million, matching the previous year's quarter and exceeding the consensus estimate of $781.2 million, with core sales growing by 1.5% despite foreign exchange challenges [3] - The Outdoor and Recreation segment saw a significant decline in net sales, down 22.5% year over year to $258 million, which was below the consensus mark of $271.9 million, with core sales falling 18.2% [4] - The Home & Commercial Solutions segment reported net sales of $962 million, a 9.1% decrease from the prior year, missing the Zacks Consensus Estimate of $981.8 million, with core sales down 4.3% due to declines across all three businesses [12] Financial Overview - The company ended the quarter with cash and cash equivalents of $382 million, long-term debt of $4.1 billion, and shareholders' equity of $3.1 billion, while providing $64 million in cash for operating activities year-to-date [13] - The normalized earnings per share (EPS) increased to 36 cents from 24 cents in the previous year, surpassing the consensus estimate of 21 cents [10] - The normalized gross margin expanded by 490 basis points year over year to 34.8%, and the normalized operating margin increased by 170 basis points to 10.8% [11] Future Outlook - The company anticipates operating cash flow to be between $450 million and $550 million, including $150 million to $200 million in cash payments related to restructuring efforts [5] - For 2024, the company expects sales to decline by 6-7% year over year, with core sales projected to dip by 3-4%, an adjustment from earlier estimates [14] - The forecast for the third quarter includes a net sales decline of 4-6% and core sales expected to remain flat to a 2% drop, with a normalized operating margin of 8.3-8.8% and normalized EPS of 14-17 cents [15]

Financial Data and Key Metrics Changes - The company reported a normalized diluted earnings per share of $0.36, which is 50% higher than the previous year and well above the guidance range of $0.18 to $0.21 [47] - Normalized EBITDA increased by 10% on a trailing 12-month basis, rising from $801 million to $882 million [36] - The cash conversion cycle improved significantly, and the leverage ratio decreased from 6.3x to 5.3x year-over-year [36][74] Business Line Data and Key Metrics Changes - The Learning & Development segment achieved core sales growth for the second consecutive quarter, driven by the Writing and Baby businesses [63] - The Home & Commercial segment is making progress in improving structural profitability and selective growth, with decisive actions taken to exit unprofitable categories [63] - The Outdoor & Recreation segment remains the weakest, requiring a turnaround, but is expected to show sequential improvement starting in Q3 [37][95] Market Data and Key Metrics Changes - International markets, particularly Latin America, contributed meaningfully to core sales in Q2, despite a 3% headwind from currency [45] - The company expects international growth to accelerate in the back half of the year, with confidence in at least three of its six segments showing growth [21][67] Company Strategy and Development Direction - The company has shifted its strategy to focus on innovation, brand building, and go-to-market excellence, particularly in its largest and most profitable brands [61] - There is a strong emphasis on reducing dependence on China sourcing, with current imports from China accounting for about 15% of total COGS, expected to drop below 10% by the end of next year [42][68] - The company is committed to returning to sustainable and profitable growth, with a focus on operational execution and enhancing front-end capabilities [43][70] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenging macroeconomic environment but expresses confidence in the company's ability to outperform peers due to improved execution and strategic initiatives [12][43] - The outlook for core sales in the back half of the year is expected to be better than the first half, driven by new distribution gains and strong innovation contributions [87][90] - The company anticipates a core sales decline of 3% to 4% for the full year, an improvement from previous estimates [103] Other Important Information - The company plans to increase advertising and promotion spending significantly, with A&P investment levels expected to rise by at least low double digits [19][46] - The company has successfully lobbied for exemptions on tariffs for most Baby products, which are currently not on any tariff list [16] Q&A Session All Questions and Answers Question: Assessment on the competitive environment and category pressures - Management believes that the core sales trends are improving due to better execution rather than category-driven changes, with expectations of low-single-digit declines in the categories [12][13] Question: Impact of China production and tariffs - The company has reduced its dependence on China sourcing significantly, with current exposure expected to drop to less than 10% [42][16] Question: Outlook for back-to-school and holiday season - Management is optimistic about back-to-school sell-in and expects market share gains driven by innovation and distribution improvements [88][90] Question: Transportation costs and inflation impacts - The company has contracted for 100% of its containers, mitigating significant ocean freight inflation or container availability issues [94] Question: Confidence in Outdoor & Recreation segment turnaround - Management is optimistic about the Outdoor & Recreation segment, believing that the trend has bottomed and expects sequential improvement [95][100]

Newell Brands (NWL) reported $2.03 billion in revenue for the quarter ended June 2024, representing a yearover-year decline of 7.8%. EPS of $0.36 for the same period compares to $0.24 a year ago. Shares of Newell Brands have returned +1% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. The reported revenue represents a surprise of -0.51% over the Zacks Consensus Es ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. What's Next for Newell Brands? This quarterly report represents an earnings surprise of 71.43%. A quarter ago, it was expected that this consumer products company would post a loss of $0.07 per share when it actually produced break-even earnings, delivering a surprise of 100%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly ...