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.
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.
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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.
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SOUTH DEERFIELD, Mass., Feb. 7, 2022 /PRNewswire/ -- The Yankee Candle Company unveils its new Studio Collection, featuring 12 popular fragrances in stylish glass vessels with a modern design. With natural fiber wicks and a premium soy-wax blend, the collection includes exclusive scents available at Target, such as Dried Lavender & Oak and Warm Luxe Cashmere. This collection aims to transform home ambiance through fragrance and design. The Studio Collection is now available at Target, YankeeCandle.com, and other retail locations.
Newell Brands Inc. (NASDAQ: NWL) has entered into a definitive agreement to sell its Connected Home & Security (CH&S) business to Resideo Technologies, Inc. (NYSE: REZI) for expected gross proceeds of $593 million. The CH&S business, based in Aurora, Illinois, generated net sales of approximately $395 million in 2021 and is known for brands such as BRK and First Alert. The sale will enable Newell to focus on its core capabilities while using the after-tax proceeds for debt reduction and a $375 million share repurchase program. The transaction is expected to close by the end of Q1 2022.
Newell Brands Inc. (NASDAQ: NWL) announced a quarterly cash dividend of $0.23 per share, payable on March 15, 2022 to stockholders of record by the close of business on February 28, 2022. This decision underscores the company's commitment to providing returns to its shareholders while maintaining a robust portfolio of renowned brands, such as Rubbermaid and Graco. For more details, visit www.newellbrands.com.
Newell Brands Inc. (NASDAQ: NWL) will release its fourth quarter and full year 2021 earnings results on February 11, 2022, before market open, followed by a live webcast at 8:30 A.M. ET. The company's strong portfolio includes brands like Rubbermaid, FoodSaver, and Yankee Candle, positioning it as a significant player in the consumer goods market. Investors can access the webcast through the Newell Brands website.
The Yankee Candle Company has launched the new Well Living Collection, designed to enhance home wellness with 20 nature-inspired fragrances. Each candle is crafted with essential oils and a coconut-soy wax blend. The collection aims to promote togetherness and relaxation, available in various sizes including two-wick and three-wick jars. The collection is currently sold at YC.com and Meijer stores, with availability at Bed Bath & Beyond in February. The initiative reflects a growing trend towards holistic wellness.
On December 8, 2021, Mr. Coffee announced a partnership with ManiMe to launch the coffee-inspired ManiMe x Mr. Coffee Capsule Collection. This collaboration features three unique gel nail designs: Caffeinated Confetti, First Sip, and Lavender Latte, perfect for holiday gifting. Chris Robins, CEO of Home Appliances at Newell Brands, highlighted the blend of convenience and style the collection offers. Inspired by the innovative Mr. Coffee Single Serve Iced and Hot Coffee Maker, the collection emphasizes accessible self-care and relaxation for coffee aficionados.