Group 1 - Newell Brands reported Q3 sales and margin declines, attributing these to tariffs, with new levies expected to cost the company $180 million this year, up from a previous estimate of $155 million [3] - Net sales fell more than 7% year over year, and gross margin decreased to 34.1% from 34.9%, leading the company to lower its guidance for full year sales, margins, and profits [3] - The company has $4.8 billion in outstanding debt, which poses challenges for its turnaround strategy initiated in 2023 [4] Group 2 - Newell Brands plans to lay off 900 employees, approximately 10% of its global professional and clerical staff, with U.S. cuts starting this month and international cuts continuing into next year [6] - The company will close about 20 Yankee Candle stores in the U.S. and Canada, which contribute around 1% of the brand's sales, as part of its restructuring efforts [6] - The restructuring plan is expected to generate annualized pre-tax cost savings of $110 million to $130 million, although it will incur severance and related costs of $75 million to $90 million until the end of next year [6]