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.
The Yankee Candle Company, part of Newell Brands, announces a partnership with One Tree Planted to plant 75,000 trees in 2022, donating $75,000 in honor of Earth Month. This effort includes a significant contribution to restore mangrove ecosystems in India's Sundarbans. Additionally, Newell's Home Fragrance division collaborates with Terracycle to recycle used products, having collected nearly 83,000 pounds since 2020. This initiative underlines Newell Brands' commitment to sustainability and environmental responsibility.
Newell Brands has announced the launch of its first sustainable baby care collection, NUK For Nature, designed to meet the rising demand for eco-friendly products among parents. This collection includes pacifiers, cups, plates, bowls, and utensils, all packaged in 100% recycled materials and featuring instructions for sustainable disposal. The products utilize green energy and plant-based plastics, reinforcing the company’s commitment to sustainability. The collection is currently available at Target and will be expanded to additional retailers later in 2022.
Rubbermaid Incorporated has launched an innovative line of bakeware named DuraLite™ Bakeware, marking its entry into the baking category. This premium line combines the durability of glass and ceramic with features such as high heat tolerance (up to 550°F), lightweight design, and resistance to breakage. The bakeware is versatile, suitable for baking, serving, and storing. Available at retailers like Amazon, Target, and Walmart, prices start at $19.99. This product aims to enhance convenience for home cooks and improve storage efficiency.
The Yankee Candle Company has announced its 2022 Scent of the Year, Inspire, designed to evoke joy and happiness. Launching on March 21, this fragrance features top notes of Rainforest Lime and Ginger, mid notes of Bamboo and Ocean Breeze, and base notes of Cedar and Driftwood. Inspire is motivated by the philosophy of Ikigai, focusing on small moments of joy. Available to Yankee Candle Rewards members from March 16, it will retail for $31.00 in North America. This limited-edition scent highlights Yankee Candle's dedication to creating uplifting products.
Newell Brands (NASDAQ: NWL) released its 2021 Corporate Citizenship Report, outlining progress in sustainability, operational impact, and employee engagement amidst challenges like COVID-19 and supply chain issues. Key goals include achieving carbon neutrality by 2040 and increasing 20% recycled content in packaging by 2025. Highlights include improved employee engagement scores, increased diversity representation, and significant community contributions totaling nearly $17 million.
Newell Brands (NASDAQ: NWL) announced a $275 million share repurchase agreement with Carl Icahn Enterprises at $25.86 per share, the last trading price before the agreement. The transaction, set to close by February 25, 2022, will reduce Icahn's ownership to about 33 million shares, or 8% of outstanding shares. This buyback is part of a broader $375 million share repurchase program linked to the divestiture of the Connected Home & Security business, which is expected to close by the end of Q1 2022. The firm aims to maintain its current leverage ratio through this move.
Newell Brands (NASDAQ: NWL) announced that CEO Ravi Saligram and CFO Chris Peterson will present at the 2022 Consumer Analyst Group of New York (CAGNY) Conference, set for February 25, 2022, at 12:40 P.M. ET. This virtual presentation will be accessible via the Newell Brands website's Investors tab under Events & Presentations. The archived webcast will be available for replay after the event. Newell Brands is a prominent consumer goods company known for its diverse portfolio of popular brands.
On February 15, 2022, Graco launched its Modes Nest2Grow 4-in-1 Stroller, designed to cater to first-time parents and growing families. This stroller can convert into various configurations, including an infant car seat carrier and double stroller, supporting over 15 riding options. Key features include a height-adjustable seat, a reversible stroller seat, and easy storage solutions. The stroller is priced at $349.99, with a comprehensive travel system available at $459.99. Graco emphasizes its commitment to innovation and quality in baby gear, helping parents navigate their parenting journey.
Newell Brands (NWL) reported Q4 2021 net sales of $2.8 billion, up 4.3% year-over-year, with core sales growth of 5.8%. Diluted EPS was $0.22, down from $0.30 a year prior, while normalized diluted EPS fell to $0.42 from $0.56. Despite inflationary pressures impacting margins, the company achieved 12% core sales growth for the full year. Looking ahead, NWL forecasts 2022 net sales between $9.93 billion and $10.13 billion, with normalized EPS expected between $1.85 and $1.93. The firm plans to divest its Connected Home & Security business, aiming to maintain its leverage ratio.
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