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.
SOUTH DEERFIELD, Mass., Feb. 7, 2022 /PRNewswire/ -- The Yankee Candle Company unveils its new Studio Collection, featuring 12 popular fragrances in stylish glass vessels with a modern design. With natural fiber wicks and a premium soy-wax blend, the collection includes exclusive scents available at Target, such as Dried Lavender & Oak and Warm Luxe Cashmere. This collection aims to transform home ambiance through fragrance and design. The Studio Collection is now available at Target, YankeeCandle.com, and other retail locations.
Newell Brands Inc. (NASDAQ: NWL) has entered into a definitive agreement to sell its Connected Home & Security (CH&S) business to Resideo Technologies, Inc. (NYSE: REZI) for expected gross proceeds of $593 million. The CH&S business, based in Aurora, Illinois, generated net sales of approximately $395 million in 2021 and is known for brands such as BRK and First Alert. The sale will enable Newell to focus on its core capabilities while using the after-tax proceeds for debt reduction and a $375 million share repurchase program. The transaction is expected to close by the end of Q1 2022.
Newell Brands Inc. (NASDAQ: NWL) announced a quarterly cash dividend of $0.23 per share, payable on March 15, 2022 to stockholders of record by the close of business on February 28, 2022. This decision underscores the company's commitment to providing returns to its shareholders while maintaining a robust portfolio of renowned brands, such as Rubbermaid and Graco. For more details, visit www.newellbrands.com.
Newell Brands Inc. (NASDAQ: NWL) will release its fourth quarter and full year 2021 earnings results on February 11, 2022, before market open, followed by a live webcast at 8:30 A.M. ET. The company's strong portfolio includes brands like Rubbermaid, FoodSaver, and Yankee Candle, positioning it as a significant player in the consumer goods market. Investors can access the webcast through the Newell Brands website.
The Yankee Candle Company has launched the new Well Living Collection, designed to enhance home wellness with 20 nature-inspired fragrances. Each candle is crafted with essential oils and a coconut-soy wax blend. The collection aims to promote togetherness and relaxation, available in various sizes including two-wick and three-wick jars. The collection is currently sold at YC.com and Meijer stores, with availability at Bed Bath & Beyond in February. The initiative reflects a growing trend towards holistic wellness.
On December 8, 2021, Mr. Coffee announced a partnership with ManiMe to launch the coffee-inspired ManiMe x Mr. Coffee Capsule Collection. This collaboration features three unique gel nail designs: Caffeinated Confetti, First Sip, and Lavender Latte, perfect for holiday gifting. Chris Robins, CEO of Home Appliances at Newell Brands, highlighted the blend of convenience and style the collection offers. Inspired by the innovative Mr. Coffee Single Serve Iced and Hot Coffee Maker, the collection emphasizes accessible self-care and relaxation for coffee aficionados.
Newell Brands Inc. (NASDAQ: NWL) announced that Chris Peterson, CFO and President of Business Operations, will participate in a fireside chat during the Morgan Stanley Virtual Global Consumer & Retail Conference. This event is scheduled for 8:45 A.M. ET on November 30, 2021. Investors can access the live webcast through the Events & Presentations section on Newell Brands' website, where it will also be archived for later viewing. The company boasts a strong portfolio of well-known brands that enhance consumer experiences.
Baby Jogger has launched the City Turn™ Convertible Car Seat, designed for easy child access with a one-hand 180-degree rotation feature that brings the child 10 inches closer to the parent. Supporting children from 4-65 lbs, this seat includes a 50 lb rear-facing limit, ensuring prolonged safety in the rear-facing position. It features a 10-position headrest, 5-position recline, and COOLMAX® material. Safety standards include TRUE Test Plus™ compliance. Pre-orders are available for $499.99 at various retailers, with wider availability expected soon.
Newell Brands Inc. (NASDAQ: NWL) has declared a quarterly cash dividend of $0.23 per share, scheduled for payment on December 15, 2021. Common stockholders must be on the record by the close of business on November 30, 2021. This dividend reflects the company's commitment to providing returns to its shareholders.
Newell Brands (NASDAQ: NWL) reported a 3.3% increase in net sales for Q3 2021, totaling $2.8 billion, with core sales growth of 3.2%. Despite challenges from inflation and supply chain issues, the company delivered better-than-expected operating profit and raised its full-year outlook for net sales to $10.38-$10.46 billion and normalized EPS to $1.69-$1.73. Operating margins decreased to 10.1% from 13.4% due to increased expenses, while diluted EPS fell to $0.44 from $0.71 in the prior year.
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