Newell Brands Inc. - NWL STOCK NEWS

Newell Brands (NASDAQ: NWL) has appointed Mark Erceg as Chief Financial Officer, effective January 9, 2023. He succeeds Chris Peterson, who will remain as President. Erceg brings 30 years of experience from roles at Cerner Corporation, Tiffany & Company, and others. He will oversee Finance and IT functions, enhancing business planning, accounting, and investor relations. Both Peterson and Ravi Saligram, CEO, express confidence in Erceg's capabilities to drive growth and operational efficiency at Newell Brands.

Newell Brands (NASDAQ: NWL) has announced the election of Stephanie Stahl to its Board of Directors, effective January 1, 2023. This appointment increases the board's size from ten to eleven members. Patrick Campbell, Chairman, expressed confidence in Stahl’s extensive marketing and sustainability experience to enhance the board's strategic execution. Stahl has served as a Senior Advisor at Boston Consulting Group and has experience with notable companies such as Coach, Inc. Her expertise is expected to drive sustainable growth and value creation for stakeholders.

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.