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.
On March 21, 2023, WoodWick Candles, part of Newell Brands (NWL), launched the ReNew collection, emphasizing sustainability and eco-friendliness. Each candle features a plant-based wax blend, is free of dyes, and boasts packaging made from 55% recycled materials. The ReNew collection includes six unique fragrances, available in medium and large sizes, priced at $16.50 and $27.50 respectively. To celebrate the launch, WoodWick pledged a $75,000 donation to One Tree Planted, supporting reforestation efforts. The candles are available at major retailers including Amazon, Kohls, and Woodwick.com.
Newell Brands has launched Elmer's Squishies, a new DIY toy kit designed for children aged 6 and up. This interactive kit lets kids create their own squishy toys by mixing colored glue with various ingredients and pouring them into molds. The collection includes over 80 characters, with 12 rare ones, promoting imaginative play and customization. Elmer's Squishies are available at major retailers starting at $6.99. Vice President Gina Lazaro emphasized the importance of creativity and hands-on activities for children. More details can be found on ElmersSquishies.com.
The Yankee Candle Company has announced its fifth annual Scent of the Year, Wonder, inspired by gratitude and joyful moments. Launching on March 21, 2023, coinciding with National Fragrance Day, Wonder features notes of ylang petals, white lavender, and warm amber. This limited-edition fragrance aims to evoke optimism and happiness, reflecting consumer trends favoring real human connections amidst a digital world. Priced at $34.00, Wonder will be available online and in stores, emphasizing Yankee Candle's commitment to quality scents and customer experience.
Newell Brands (NASDAQ: NWL) announced that CEO Ravi Saligram and President Chris Peterson will present at the 2023 Consumer Analyst Group of New York (CAGNY) Conference on February 24, 2023, at 10:00 A.M. ET. The presentation will be available via webcast on the Newell Brands website, offering investors insights into the company’s strategy and performance. Newell Brands boasts a portfolio of well-known brands such as Rubbermaid, Calphalon, and Yankee Candle, enhancing consumer lives with planet-friendly products.
Newell Brands (NASDAQ: NWL) announced changes in its Board of Directors, effective May 16, 2023. Robert Steele will succeed Patrick Campbell as Chairman, who will remain a director. The Board is committed to diversity and renewal, with Stephanie Stahl already appointed in January 2023. The company will nominate Gary Hu for election, increasing the Board's size from 11 to 12 members. Hu is a Portfolio Manager at Icahn Capital LP. These steps align with Newell's strategy to enhance governance and value creation for stakeholders amidst a challenging environment.
Newell Brands (NWL) reported a substantial Q4 net sales decline of 18.5% to $2.3 billion, with core sales down 9.4%. The diluted loss per share was $0.60, affected by $326 million in impairment charges, while normalized EPS stood at $0.16. Full-year net sales for 2022 dropped 10.7% to $9.5 billion. The company anticipates a challenging 2023, projecting net sales between $8.4 billion and $8.6 billion and normalized EPS between $0.95 and $1.08. Initiatives like Project Phoenix aim to streamline operations and achieve annual savings of $220 million to $250 million.
Newell Brands (NASDAQ: NWL) has appointed Chris Peterson as the new President and Chief Executive Officer, following Ravi Saligram's retirement, effective May 16, 2023. Peterson, who has been with Newell since December 2018 and served as its President since May 2022, is recognized for his role in the company's turnaround, focusing on financial performance and operational excellence. His appointment follows a thorough succession planning process, as stated by Chairman Patrick Campbell. Saligram is credited with strengthening company culture and customer partnerships during his tenure. The company aims to explore profitable growth opportunities under Peterson's leadership.
Newell Brands Inc. (NASDAQ: NWL) has declared a quarterly cash dividend of $0.23 per share, payable on March 15, 2023. The dividend will be distributed to common stockholders recorded by the close of business on February 28, 2023.
Newell Brands is recognized for its extensive portfolio of popular consumer goods, including renowned brands such as Rubbermaid, Calphalon, Sharpie, and Yankee Candle. The company's focus is on enhancing consumer experiences both at home and outdoors.
Newell Brands (NASDAQ: NWL) announced the launch of Project Phoenix, a restructuring initiative aimed at simplifying operations and improving efficiencies. The company targets annualized pre-tax savings between
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