Newell Brands Stock Price, News & Analysis

Rubbermaid Incorporated has launched an innovative line of bakeware named DuraLite™ Bakeware, marking its entry into the baking category. This premium line combines the durability of glass and ceramic with features such as high heat tolerance (up to 550°F), lightweight design, and resistance to breakage. The bakeware is versatile, suitable for baking, serving, and storing. Available at retailers like Amazon, Target, and Walmart, prices start at $19.99. This product aims to enhance convenience for home cooks and improve storage efficiency.

The Yankee Candle Company has announced its 2022 Scent of the Year, Inspire, designed to evoke joy and happiness. Launching on March 21, this fragrance features top notes of Rainforest Lime and Ginger, mid notes of Bamboo and Ocean Breeze, and base notes of Cedar and Driftwood. Inspire is motivated by the philosophy of Ikigai, focusing on small moments of joy. Available to Yankee Candle Rewards members from March 16, it will retail for $31.00 in North America. This limited-edition scent highlights Yankee Candle's dedication to creating uplifting products.

Newell Brands (NASDAQ: NWL) released its 2021 Corporate Citizenship Report, outlining progress in sustainability, operational impact, and employee engagement amidst challenges like COVID-19 and supply chain issues. Key goals include achieving carbon neutrality by 2040 and increasing 20% recycled content in packaging by 2025. Highlights include improved employee engagement scores, increased diversity representation, and significant community contributions totaling nearly $17 million.

Newell Brands (NASDAQ: NWL) announced a $275 million share repurchase agreement with Carl Icahn Enterprises at $25.86 per share, the last trading price before the agreement. The transaction, set to close by February 25, 2022, will reduce Icahn's ownership to about 33 million shares, or 8% of outstanding shares. This buyback is part of a broader $375 million share repurchase program linked to the divestiture of the Connected Home & Security business, which is expected to close by the end of Q1 2022. The firm aims to maintain its current leverage ratio through this move.

Newell Brands (NASDAQ: NWL) announced that CEO Ravi Saligram and CFO Chris Peterson will present at the 2022 Consumer Analyst Group of New York (CAGNY) Conference, set for February 25, 2022, at 12:40 P.M. ET. This virtual presentation will be accessible via the Newell Brands website's Investors tab under Events & Presentations. The archived webcast will be available for replay after the event. Newell Brands is a prominent consumer goods company known for its diverse portfolio of popular brands.

On February 15, 2022, Graco launched its Modes Nest2Grow 4-in-1 Stroller, designed to cater to first-time parents and growing families. This stroller can convert into various configurations, including an infant car seat carrier and double stroller, supporting over 15 riding options. Key features include a height-adjustable seat, a reversible stroller seat, and easy storage solutions. The stroller is priced at $349.99, with a comprehensive travel system available at $459.99. Graco emphasizes its commitment to innovation and quality in baby gear, helping parents navigate their parenting journey.

Newell Brands (NWL) reported Q4 2021 net sales of $2.8 billion, up 4.3% year-over-year, with core sales growth of 5.8%. Diluted EPS was $0.22, down from $0.30 a year prior, while normalized diluted EPS fell to $0.42 from $0.56. Despite inflationary pressures impacting margins, the company achieved 12% core sales growth for the full year. Looking ahead, NWL forecasts 2022 net sales between $9.93 billion and $10.13 billion, with normalized EPS expected between $1.85 and $1.93. The firm plans to divest its Connected Home & Security business, aiming to maintain its leverage ratio.