Newell Brands Stock Price, News & Analysis

Newell Brands (NASDAQ: NWL) announced that its CEO, Ravi Saligram, and CFO, Chris Peterson, will participate in a fireside chat at the dbAccess Global Consumer Conference in Paris, France on June 14, 2022 at 3:15 A.M. ET. The event will be webcast and can be accessed via the Newell Brands website. After the live event, the recording will be available for replay. Newell Brands offers a portfolio of well-known consumer products including Rubbermaid and Mr. Coffee.

Rubbermaid, part of Newell Brands, has launched its new Designer Series for the EasyFindLids™ line, collaborating with influencers Chris and Julia Marcum. This series aims to modernize everyday food storage with unique designs and colors, including a Skylight Blue lid. The containers are durable, space-saving, and BPA-free, available in sets ranging from 12 to 42 pieces, starting at $9.99. This initiative seeks to target new audiences while retaining the functionality and organization Rubbermaid is known for. The products are now available at major retailers like Amazon, Target, Kroger, and Meijer.

Newell Brands (NWL) has launched FoodSaver Reusable Vacuum Zipper Bags aimed at reducing food waste and single-use plastic. Available starting mid-May at major retailers like Amazon and Target, these BPA-free bags feature a zipper-clip tool for an airtight seal and are compatible with various FoodSaver machines. Priced at $14.99 for both 1-Gallon and 1-Quart packs, the launch is seen as a significant step towards sustainability in food preservation. This initiative addresses the issue of food waste, which costs the average American family thousands annually, particularly amid rising produce prices.

Newell Brands Inc. (NASDAQ: NWL) has declared a quarterly cash dividend of $0.23 per share, to be paid on June 15, 2022. This payment will go to common stockholders of record as of the close of business on May 31, 2022. Newell Brands, known for its popular consumer goods like Rubbermaid and Sharpie, emphasizes its commitment to enhancing consumers' lives through quality products.

Newell Brands Inc. (NASDAQ: NWL) has appointed Chris Peterson as President & Chief Financial Officer, effective immediately. Peterson, who has been with the company since 2018, has played a crucial role in the turnaround strategy, focusing on operational excellence and financial improvements. Under his leadership, the cash conversion cycle improved from 115 to 68 days, and Newell's leverage ratio has decreased, leading to an S&P investment-grade upgrade. CEO Ravi Saligram commended Peterson's contributions in navigating supply chain challenges and enhancing cash flow.

Newell Brands (NASDAQ: NWL) reported Q1 2022 net sales of $2.4 billion, a 4.4% increase driven by core sales growth of 6.9%. Diluted EPS was $0.55, up from $0.21 last year. Despite inflation challenges, normalized operating income rose by 10.4%. The company reaffirmed its full-year outlook, anticipating net sales between $9.93 and $10.13 billion. Key metrics include a leverage ratio of 3.1x and ongoing share repurchases totaling $275 million. Core sales growth in five of seven business units exemplified the effectiveness of Newell's diversified portfolio.

Newell Brands has launched the Newell Creative Kitchen, a versatile cooking space in Hoboken, New Jersey, designed to inspire culinary creativity. The kitchen aims to connect consumers with the latest food trends and features innovative products from brands like Rubbermaid and Calphalon. The initiative includes collaborations with TikTok sensation Jeremy Scheck, who will share fresh recipes. Designed by Perkins&Will, the 5,000 sq. ft. space hosts various events and showcases Newell's commitment to enhancing consumer experiences at home.

Newell Brands Inc. (NASDAQ: NWL) is set to release its Q1 2022 earnings on April 29, 2022, before market open. A live webcast will take place at 9:30 A.M. ET to discuss the results. Investors can access the webcast via the Newell Brands website. The company boasts a diverse portfolio of renowned brands such as Rubbermaid, Sharpie, and Yankee Candle, aiming to enhance consumer experiences at home and outdoors. This upcoming announcement is crucial for shareholders and market analysts monitoring the company's financial health.