Welcome to our dedicated page for Newell Brands news (Ticker: NWL), a resource for investors and traders seeking the latest updates and insights on Newell Brands stock.
Newell Brands Inc. (NASDAQ: NWL) is a leading global consumer goods company renowned for its strong portfolio of well-known brands. These include Paper Mate®, Sharpie®, Dymo®, EXPO®, Parker®, Elmer's®, Coleman®, Jostens®, Marmot®, Rawlings®, Oster®, Sunbeam®, FoodSaver®, Mr. Coffee®, Rubbermaid Commercial Products®, Graco®, Baby Jogger®, NUK®, Calphalon®, Rubbermaid®, Contigo®, First Alert®, Waddington, and Yankee Candle®.
Formed through the combination of Newell Rubbermaid Inc. and Jarden Corporation, Newell Brands is a $16 billion consumer goods powerhouse. The company is dedicated to accelerating growth and building a performance-driven culture. Their mission is to become one of the world's leading consumer goods companies, enhancing everyday living by delivering high-quality products for the home, school, office, and recreational activities.
Newell Brands operates through three main segments:
- Home and Commercial Solutions – Offering products for both residential and commercial use, including kitchen appliances, home organization, and cleaning solutions.
- Learning and Development – Providing writing instruments, art supplies, and activity-based products, this segment drives significant revenue and includes beloved names like Sharpie®, EXPO®, and Elmer's®.
- Outdoor and Recreation – Catering to outdoor enthusiasts with brands like Coleman® and Marmot®, supplying camping gear, outdoor equipment, and sports accessories.
The company's current projects and recent achievements showcase its commitment to innovation and consumer satisfaction. For instance, Sharpie® recently launched the ‘Sharpie Rookie of the Year’ program, targeting prolific college athletes transitioning to professional careers. Furthermore, in collaboration with Paper Mate®, they initiated the ‘Let’s Get Creative’ campaign to foster creativity among consumers.
Newell Brands also focuses on leveraging partnerships and strategic initiatives to enhance its market presence. For example, Graco®, a trusted baby gear brand, introduced the SmartSense™ Soothing Bassinet and SmartSense™ Soothing Swing, using cutting-edge technology to provide comfort to infants.
Financially, Newell Brands continues to strive for better profitability and market share. The company's diverse portfolio and strategic initiatives are pivotal to its goal of becoming a faster-growing, more profitable entity.
For more information, visit www.newellbrands.com.
PaperMate, part of Newell Brands, has launched the "Thanks to Teachers" initiative, pledging $100,000 to the Kids In Need Foundation's Supply a Teacher Program. This program aims to alleviate financial burdens on teachers who often pay for their own supplies. According to a survey, 91% of teachers lack essential supplies for the new semester. PaperMate encourages individuals to express gratitude to teachers year-round and to share their messages on social media using #ThankstoTeachers. The initiative highlights the critical role teachers play in shaping future generations.
The Yankee Candle Company, part of Newell Brands, has launched limited-time pop-up shops across six U.S. locations to celebrate the holiday season. Open now through the New Year, these shops feature the new Snow Globe Wonderland Collection with five unique fragrances. Customers can enjoy exclusive promotions including a special Candle Day on December 2, along with personalized candle options. These pop-up experiences aim to enhance holiday gifting and provide an interactive shopping environment for consumers.
Newell Brands Inc. (NASDAQ: NWL) has declared a quarterly cash dividend of $0.23 per share, payable on December 15, 2022. Shareholders on record as of the close of business on November 30, 2022 will receive the dividend. This action reflects the company's commitment to returning value to its investors, amidst a backdrop of strong brand portfolio including Rubbermaid and Sharpie.
Newell Brands (NASDAQ: NWL) reported third quarter 2022 net sales of $2.3 billion, a 19.2% decline year-over-year, attributed to various factors including core sales decreases and inventory rightsizing by retailers. Core sales were down 10.8%, and the reported operating margin fell to 1.6% due to a $148 million non-cash impairment charge. Reported diluted EPS dropped to $0.07 from $0.44 last year. The company improved financial flexibility, refinancing its credit facility and updating its full-year outlook to net sales of $9.35 to $9.43 billion and normalized EPS of $1.56 to $1.61.
Newell Brands Inc. (NASDAQ: NWL) will release its third quarter 2022 earnings results on October 28, 2022, before the market opens. Following the release, a live webcast will be held at 11:00 A.M. ET. Investors can access the webcast via the company's website under the Events & Presentations section.
Newell Brands operates a strong portfolio of well-known brands, enhancing consumer experiences at home and outdoors.
Rubbermaid, part of Newell Brands, launched the Tuesday Night Cooking Club on October 11, aiming to enhance weeknight dinners with its new DuraLite Bakeware. The initiative features a livestream series hosted by Katherine Schwarzenegger, demonstrating recipes using the innovative bakeware. The DuraLite Bakeware offers exceptional heat tolerance, durability, and versatility for cooking and serving. The series continues weekly through November 15, with various culinary artists sharing easy, delicious recipes designed to elevate home cooking.
Newell Brands has launched new Ball® Stack & Store Jars, enhancing its pantry and storage collection. In collaboration with organization expert Kim Bui, the company offers blueprints for optimal pantry configurations. Recognized with Good Housekeeping®'s 2022 Cleaning & Organizing Awards, these airtight and stackable jars aim to simplify pantry organization. Available at major retailers like Target and Walmart, the jars are designed for efficient storage and accessibility. The initiative includes expert tips to help consumers maximize storage space and maintain organization.
Newell Brands announced the launch of the new Mr. Coffee® Latte, Iced and Hot Coffee Maker, coinciding with the #IWantItLatte sweepstakes featuring AJ McLean of the Backstreet Boys. The sweepstakes allows participants to comment on a TikTok post for a chance to win a personalized song and Mr. Coffee® Latte makers. The product offers 4-in-1 functionality, a built-in frother, and is now available for $139.99. This marks a strategic move to enhance customer engagement and expand the brand's market presence.
Newell Brands announces innovative nonstick technologies from its Calphalon brand, launching MineralShield™ and AquaShield™. These technologies enhance cooking performance, allowing for easier food release and longer durability. MineralShield is five times more durable than previous versions and metal-utensil safe, while AquaShield maintains performance 40% longer compared to older models. The new collections include various cookware sets, retail prices ranging from $227.99 to $479.99, and are available through major retailers and online.
Newell Brands (NASDAQ: NWL) announced a public offering of $1 billion in notes, comprising 6.375% notes due in 2027 and 6.625% notes due in 2029. The offering is expected to close on September 14, 2022, subject to customary conditions. Proceeds will be used to redeem existing 3.850% senior notes maturing in 2023. The offering follows an automatic registration statement filed with the SEC.
J.P. Morgan, BofA Securities, and Citigroup are among the joint book-running managers for this offering.
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