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. reports news about its global consumer goods portfolio, including brands such as Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Paper Mate, EXPO, Elmer's and Oster. Updates commonly cover quarterly results, core sales trends, segment performance, dividends on common stock and investor presentations.
Company announcements also track brand-level product activity across learning and development, home and commercial solutions, and outdoor and recreation categories, including writing instruments, adhesives, dry erase products, coolers and other household and outdoor consumer products.
Newell Brands Inc. (NASDAQ: NWL) announced that its first quarter 2023 earnings results will be reported on April 28, 2023, prior to market opening. This will be followed by a live webcast at 9:30 a.m. ET. Investors can access the webcast via the Newell Brands website under the Events & Presentations section. Newell Brands is recognized as a leading global consumer goods company, featuring a diverse portfolio of well-known brands such as Rubbermaid, Sharpie, Graco, and Yankee Candle. The company focuses on enhancing consumer experiences at home and outdoors.
Newell Brands (NASDAQ: NWL) announced the launch of Friday Collective™, a new brand featuring scented candles, now available at Target both online and in stores. This collection includes three exclusive fragrances: 'Free To Be', 'Sunroof's Open', and 'Free Spirit', designed to uplift moods and enhance experiences. The candles are made with a premium soy wax blend and essential oils, priced at $12.99 for an 8 oz. size. The launch aligns with seasonal trends as consumers prepare for warmer weather, making it a strategic offering for the brand. Notably, the 'Free to Be' fragrance is a limited-edition scent created in support of Pride and the Rainbow Railroad organization, highlighting a commitment to social causes. Overall, this launch aims to capture the joy of weekends and social gatherings.
The Yankee Candle Company, part of Newell Brands (NWL), has launched a limited-edition collection in collaboration with Vera Bradley, timed for Mother's Day. The collection, unveiled on April 10, 2023, features floral patterns and fragrances, including Lavender & Sage and Pink Sands candles. A new ScentPlug Base is also part of the collection, which showcases Vera Bradley's exclusive Sunlit Garden Sage pattern. Prices range from $7.50 to $26.50. The collaboration aims to combine the heritage of both brands, enhancing gifting experiences for the season. Consumers can purchase these products on YankeeCandle.com and at select retailers.
Newell Brands has introduced the FoodSaver Space Saving Vacuum Sealer, a compact device designed to save 30% more kitchen space while maintaining the performance of full-sized models. This innovative product can be stored vertically or in drawers, making it ideal for smaller kitchens. It features a built-in bag alignment tool and is compatible with all FoodSaver bags and accessories. The sealer can extend food shelf life up to 5 times longer and save families up to $2,700 annually on groceries. Prices range from $109.99 to $124.99, with availability at FoodSaver.com, Walmart, and soon at Target.
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.