Newell Brands Stock Price, News & Analysis

Newell Brands announces innovative nonstick technologies from its Calphalon brand, launching MineralShield™ and AquaShield™. These technologies enhance cooking performance, allowing for easier food release and longer durability. MineralShield is five times more durable than previous versions and metal-utensil safe, while AquaShield maintains performance 40% longer compared to older models. The new collections include various cookware sets, retail prices ranging from $227.99 to $479.99, and are available through major retailers and online.

Newell Brands (NASDAQ: NWL) announced a public offering of $1 billion in notes, comprising 6.375% notes due in 2027 and 6.625% notes due in 2029. The offering is expected to close on September 14, 2022, subject to customary conditions. Proceeds will be used to redeem existing 3.850% senior notes maturing in 2023. The offering follows an automatic registration statement filed with the SEC.

J.P. Morgan, BofA Securities, and Citigroup are among the joint book-running managers for this offering.

Newell Brands Inc. (NASDAQ: NWL) has revised its outlook for Q3 and full year 2022, citing greater-than-expected pullbacks in retailer orders and inflationary pressures. CEO Ravi Saligram noted a shift to a cautious stance and highlighted efforts to optimize costs and cash flow, including an acceleration of productivity initiatives. The updated Q3 net sales outlook is now estimated between $2.21 and $2.32 billion, down from a previous $2.39 to $2.50 billion. Full year sales are expected between $9.37 and $9.58 billion, also revised downward.

Newell Brands (NASDAQ: NWL) announced that CEO Ravi Saligram and CFO Chris Peterson will join a fireside chat at the Barclays Global Consumer Staples Conference on September 6, 2022, at 4:30 PM ET. Investors can access the live webcast through the Newell Brands website, where it will also be archived for later viewing. Newell Brands is recognized for its diverse portfolio of consumer goods, including notable brands such as Rubbermaid, Sharpie, and Yankee Candle, all aimed at enhancing consumer experiences at home and outdoors.

Newell Brands has announced an expanded partnership between Tentrr and Coleman to enhance outdoor camping experiences. By the end of 2022, approximately 70 Tentrr sites across the U.S. will be outfitted with the latest camping gear from Coleman, making it easier for all experience levels to enjoy nature. This collaboration aims to create accessible, elevated camping environments, featuring Tentrr’s signature canvas tents and various Coleman products. The initiative reflects a growing demand for outdoor activities and aims to connect more people with nature.

Newell Brands Inc. (NASDAQ: NWL) has declared a quarterly cash dividend of $0.23 per share, which is set to be paid on September 15, 2022. Stockholders of record as of the close of business on August 31, 2022 will receive the dividend. This decision reflects Newell Brands' commitment to returning value to its investors amidst its strong portfolio of consumer goods brands.

Newell Brands has launched a new lifestyle brand called Friday Collective, featuring scented candles designed to evoke a sense of optimism and joy. The candles come in vibrant colors and unique fragrance combinations to enhance daily moods. With a premium soy wax blend and natural fiber wicks, the initial launch includes four scent profiles and various fragrances such as Let's Party and Kickstart The Hustle. Available for purchase online and at major retailers, these candles aim to bring 'weekend feels' into everyday life.

Newell Brands' Baby Jogger® introduces a limited-edition 'City Royalty' fashion for the Summit™ X3 Jogging Stroller, designed by fitness leader Robin Arzón. This exclusive design features bold black fabrics with gold accents, inspired by New York City. Priced at $549.99, the stroller offers premium features such as all-wheel suspension, a hand-operated brake, and a unique city-grid print. The product is available for pre-sale at select retailers and aims to empower parents while blending style with functionality.

Newell Brands (NASDAQ: NWL) reported second-quarter 2022 net sales of $2.5 billion, marking a 6.5% decline year-over-year, influenced by the sale of its Connected Home & Security business. However, the company's core sales grew 1.7%, achieving its eighth consecutive quarter of growth. Diluted EPS increased to $0.49, with normalized EPS at $0.57. The updated outlook projects net sales between $9.76 and $9.98 billion for the year. Despite inflationary pressures, operating margins improved, showcasing resilient financial performance amidst a challenging market environment.