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.
FoodSaver, the leading vacuum sealing brand, partners with TikTok chef Nick DiGiovanni to showcase six new recipes using their vacuum sealers. The collaboration aims to help consumers elevate their cooking and save time in the kitchen. Recipes include on-the-go breakfast bites, chimichurri-marinated skirt steak, and peach cobbler, all designed to demonstrate the versatility of vacuum sealers. FoodSaver products can be purchased online and at various retailers, enhancing cooking experiences and reducing food waste.
Contigo, a brand under Newell Brands, has launched three innovative reusable beverage containers just in time for summer, highlighting the importance of sustainability. A recent survey indicates that 60% of Americans consider their reusable containers essential; 84% have a preferred model. The new products—the Uptown Dual-Sip Tumbler, River North 2-in-1 Can Cooler & Tumbler, and River North Stainless Steel Wine Tumbler—offer features such as leak-proof lids and temperature retention. This expansion aims to enhance consumer experiences while promoting sustainable habits.
Newell Brands (NASDAQ: NWL) announced that its CEO,
Rubbermaid, part of Newell Brands, has launched its new Designer Series for the EasyFindLids™ line, collaborating with influencers Chris and Julia Marcum. This series aims to modernize everyday food storage with unique designs and colors, including a Skylight Blue lid. The containers are durable, space-saving, and BPA-free, available in sets ranging from 12 to 42 pieces, starting at $9.99. This initiative seeks to target new audiences while retaining the functionality and organization Rubbermaid is known for. The products are now available at major retailers like Amazon, Target, Kroger, and Meijer.
Newell Brands (NWL) has launched FoodSaver Reusable Vacuum Zipper Bags aimed at reducing food waste and single-use plastic. Available starting mid-May at major retailers like Amazon and Target, these BPA-free bags feature a zipper-clip tool for an airtight seal and are compatible with various FoodSaver machines. Priced at $14.99 for both 1-Gallon and 1-Quart packs, the launch is seen as a significant step towards sustainability in food preservation. This initiative addresses the issue of food waste, which costs the average American family thousands annually, particularly amid rising produce prices.
Newell Brands Inc. (NASDAQ: NWL) has declared a quarterly cash dividend of
Newell Brands Inc. (NASDAQ: NWL) has appointed Chris Peterson as President & Chief Financial Officer, effective immediately. Peterson, who has been with the company since 2018, has played a crucial role in the turnaround strategy, focusing on operational excellence and financial improvements. Under his leadership, the cash conversion cycle improved from 115 to 68 days, and Newell's leverage ratio has decreased, leading to an S&P investment-grade upgrade. CEO Ravi Saligram commended Peterson's contributions in navigating supply chain challenges and enhancing cash flow.
Newell Brands (NASDAQ: NWL) reported Q1 2022 net sales of $2.4 billion, a 4.4% increase driven by core sales growth of 6.9%. Diluted EPS was $0.55, up from $0.21 last year. Despite inflation challenges, normalized operating income rose by 10.4%. The company reaffirmed its full-year outlook, anticipating net sales between $9.93 and $10.13 billion. Key metrics include a leverage ratio of 3.1x and ongoing share repurchases totaling $275 million. Core sales growth in five of seven business units exemplified the effectiveness of Newell's diversified portfolio.
Newell Brands has launched the Newell Creative Kitchen, a versatile cooking space in Hoboken, New Jersey, designed to inspire culinary creativity. The kitchen aims to connect consumers with the latest food trends and features innovative products from brands like Rubbermaid and Calphalon. The initiative includes collaborations with TikTok sensation Jeremy Scheck, who will share fresh recipes. Designed by Perkins&Will, the 5,000 sq. ft. space hosts various events and showcases Newell's commitment to enhancing consumer experiences at home.
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