Newell Brands Stock Price, News & Analysis

Newell Brands (NASDAQ: NWL) has announced the pricing of an upsized public offering of $750 million in 6.375% notes due 2030 and $500 million in 6.625% notes due 2032. The offering is expected to close on November 13, 2024. The company plans to use the proceeds to redeem its outstanding 4.875% senior notes due 2025 and partially redeem its 4.200% senior notes due 2026. The offering is being made under an effective shelf registration statement, with multiple financial institutions serving as joint book-running managers.

Yankee Candle, part of Newell Brands (NWL), launches two new holiday collections: Passport to the Holidays and Après Ski. The Passport collection features six fragrances inspired by global destinations, including New York, Paris, London, Sydney, North Pole, and Munich, while the Après Ski collection offers six ski lodge-themed scents. Available at YankeeCandle.com and various retailers, prices range from $12.99 for small tumblers to $30.99 for large jars. The collections are part of the brand's new 'Scent You've Been Seeking' campaign, celebrating their heritage in crafting meaningful fragrances.

Newell Brands (NWL) reported Q3 2024 financial results with net sales of $1.9 billion, showing a 4.9% decline from the prior year. Core sales declined 1.7%. The company demonstrated significant margin improvements, with reported gross margin increasing to 34.9% from 30.3% year-over-year. Despite a reported net loss of $198 million, normalized EBITDA increased to $250 million from $218 million. The company raised its full-year 2024 outlook for normalized operating margin, earnings per share, and operating cash flow, reflecting confidence in its ongoing business transformation.

Mr. Coffee®, a leader in at-home coffee brewing, has launched the Mr. Coffee Express Cold Brew Coffee Maker, a cordless device that brews ready-to-drink cold brew coffee in just 10 minutes. This innovative product uses a unique vacuum-powered brewing system, eliminating the need for overnight steeping. The coffee maker features a rechargeable battery that powers 15 or more brew cycles on a single charge, a detachable carafe, and a compact, collapsible design.

Available in three colors – Indigo, Oat Milk, and Sake Grey – the Mr. Coffee Express Cold Brew Coffee Maker is priced at $109.99 MSRP. It can be purchased now at Kohl's and on Amazon starting November 1. This product launch comes as cold brew coffee popularity has increased by 300% since 2016, according to NCA's fall 2023 National Coffee Data Trends report.

FoodSaver®, part of Newell Brands (NASDAQ: NWL), has launched the Handheld+ 2-in-1 Vacuum Sealing System, a first-to-market innovation combining a countertop vacuum sealer with a cordless handheld device. This versatile system keeps food fresh up to 5x longer compared to ordinary storage methods and helps prevent freezer burn.

Key features include:

• Detachable cordless handheld unit for sealing containers, jars, reusable bags, and wine bottles
• 12-minute marinate cycle
• Compatibility with all FoodSaver® accessories
• Dishwasher-safe removable drip-tray
• Rechargeable battery sealing up to 35 zipper quart bags on a single charge

Available in three colors, the system is priced between $149.99 and $169.99, and can be purchased at FoodSaver.com, Amazon, Target, Kohl's, and Walmart.

Newell Brands Inc. (NASDAQ: NWL) has announced that its third quarter 2024 earnings results will be released on Friday, October 25, 2024 before the market opens. This will be followed by a live webcast at 9:30 a.m. ET. Investors can access the webcast through the Events & Presentations section of the company's website at www.newellbrands.com. The webcast will be recorded and made available for replay.

Newell Brands is a leading global consumer goods company with a portfolio of well-known brands including Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Paper Mate, and FoodSaver among others. The company focuses on delighting consumers by enhancing everyday moments.

Newell Brands (NASDAQ: NWL), owner of Graco® and Baby Jogger®, has partnered with Kidsy, a recommerce platform for children's products, to promote sustainability by reselling customer returns and overstock items. This initiative aims to divert products from landfills and extend their lifecycle. Consumers can now find open-box or overstock Graco® and Baby Jogger® products on Kidsy at reduced prices.

The partnership aligns with Newell's commitment to sustainability and addresses the growing consumer demand for eco-friendly solutions. According to industry data, 45% of parents under 40 consider a product's environmental impact when making purchasing decisions. The available products will include a range of items such as strollers, car seats, swings, playards, and high chairs, all of which have undergone a quality control process.

Baby Jogger, owned by Newell Brands (NASDAQ: NWL), has launched the City Prix™ Jogger x Bike Trailer, an innovative stroller that transitions from a jogging stroller to a bike trailer. Priced at $999 for the bundle, it's designed for active families, capable of covering 90 miles across 8 terrains. Key features include:

• Removable backpack and large storage basket
• Magnetic basket wheel storage
• 50+ UV protective canopy
• Soft fabrics and recycled materials
• Included rain, sun, and bug shields

The product is available on BabyJogger.com, Target, Babylist, and soon on Amazon. This launch aligns with Baby Jogger's mission to create functional, stylish products for adventurous families.

Rubbermaid Commercial Products (RCP), part of Newell Brands, is hosting its third annual Behind the Scenes of Clean campaign to honor cleaning and maintenance professionals. The initiative coincides with Environmental Services Week (starting September 9) and National Custodian Day (October 2).

RCP is organizing over 200 global events to celebrate and thank more than 17,000 cleaning professionals who maintain public spaces. The events will feature meals, giveaways, and customized experiences for custodial staff.

Since 1968, RCP has been developing innovative cleaning, safety, and waste handling solutions. Their product range includes Utility and Decorative Refuse trash containers, as well as Cleaning, Safety, Washroom, Material Handling, and Food Service products designed for durability and efficiency.