Newell Brands Stock Price, News & Analysis

The Crock-Pot® brand has launched its newest innovation, the MultiMeal Multicooker. This groundbreaking appliance features dual temperature control, allowing users to cook two separate dishes simultaneously. The MultiMeal replaces over 30 kitchen tools with its five versatile cooking functions, including slow cook, sear/sauté, steam, keep warm, and bake on select models.

Featuring two 3.7-quart non-stick pots, the MultiMeal can prepare a complete meal for 8+ people. It also includes an intelligent DualSync Technology timer to ensure both dishes are ready at the same time. The product is now available online at Amazon and Sam's Club, and in-store at Meijer.

This innovation continues the Crock-Pot® brand's 50-year tradition of simplifying meal preparation and adds unprecedented versatility to home kitchens.

Rubbermaid®, a Newell Brands (NASDAQ: NWL) company, has partnered with Olympic Gold Medalist Shawn Johnson East and former NFL player Andrew East to showcase the Rubbermaid Brilliance® food storage collection. The couple demonstrated the product's features in a video series, highlighting its four times protection compared to generic containers. Rubbermaid Brilliance is promoted as 100% airtight, leak-proof, and resistant to stains, odors, and shattering.

The collection includes Rubbermaid Brilliance Plastic, Glass, and Pantry options, available at major retailers for $6.99 to $179.99. These products are designed to help busy families with meal preparation and kitchen organization. The partnership aims to demonstrate the durability and versatility of Rubbermaid Brilliance in everyday use.

Contigo®, a leading producer of leak-proof beverageware, has launched a -edition water bottle collection in collaboration with Peloton instructor Ally Love. The Contigo x Ally Love collection features trendy designs on Contigo's best-selling water bottles, tumblers, and travel mugs. Ally Love joins Contigo as the brand's first Chief Hydration Officer and head product stylist for the next three years.

The collection includes various models such as the Jackson Chill 2.0, West Loop 3.0, Streeterville Shake & Go, and Ashland Chill 2.0. Prices start at $18.99, and the products are available exclusively on Amazon. This collaboration aims to encourage better hydration habits among Americans through stylish and functional beverageware.

Newell Brands Inc. (NASDAQ: NWL) has announced that its President and CEO, Chris Peterson, and CFO, Mark Erceg, will participate in a fireside chat at the Barclays Global Consumer Staples Conference on September 4, 2024, at 9:00 a.m. ET. The event will be webcast and accessible through the company's website.

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 Elmer's. The company focuses on enhancing everyday moments for consumers through its diverse product offerings.

Investors and interested parties can access the webcast by visiting the Events & Presentations section of the Investors tab on www.newellbrands.com. The webcast will be archived for replay after the live event.

Sharpie®, part of Newell Brands (NWL), is sponsoring Art Battle® Los Angeles on August 24, 2024. The event features a live art competition where artists use Sharpie Creative Markers to compete for prizes and the Champion title. The Sharpie Bus, commemorating the brand's 60th anniversary, will be present for attendees to explore and test the new markers.

The competition includes three 20-minute rounds judged by the audience and event judges, with over $5,000 in prizes. This event is part of Sharpie's 'The World Is Your Canvas' Tour, showcasing the brand's commitment to creativity and innovation in marking and writing instruments.

Newell Brands (NASDAQ: NWL) has declared a quarterly cash dividend of $0.07 per share, payable on September 13, 2024 to common stockholders of record at the close of business on August 30, 2024. Newell Brands is a leading global consumer goods company with a portfolio of well-known brands including Rubbermaid, Sharpie, Graco, Coleman, and Yankee Candle. The company focuses on delighting consumers by enhancing everyday moments through its diverse product offerings.

Sharpie and Paper Mate, part of Newell Brands (NWL), have announced a three-year $1 million partnership with Boys & Girls Clubs of America to support arts programming nationwide. The partnership, part of the brands' "Let's Get Creative" campaign, aims to inspire creativity and empower youth. The contribution includes $600,000 in monetary donations and $400,000 in products over three years.

The initiative will enhance arts programs in Clubs and provide essential school supplies. The brands will also host three interactive events annually in Atlanta, Charlotte, and New York for Club members. Sharpie was a Gold Sponsor at the 2024 National Keystone Conference, showcasing their Creative Markers in a "Sip and Create" experience for teen attendees.

Yankee Candle, part of Newell Brands (NWL), has launched the Cottage Getaway Collection, featuring six new fall fragrances. The collection aims to capture the essence of a perfect fall weekend getaway, with scents inspired by woodland adventures, cozy cabins, and lakeside activities. Fragrances include Woodland Weekend Memories, Log Cabin Flannel, Pumpkin Cinnamon Swirl, Campfire Cocktail, Paddling on the Lake, and Afternoon Scrapbooking.

The candles are crafted with high-quality fragrance oils and premium soy wax for a clean, long-lasting burn. Available at YankeeCandle.com, Yankee Candle retail locations, and major retailers, the collection is priced from $12.99 for small tumblers to $30.99 for large jars. Select fragrances are also offered in various formats like ScentPlug® Refills and wax melts.

Newell Brands (NWL) reported improved Q2 2024 results, with sales declining 7.8% to $2.0 billion but showing sequential improvement. Gross margin increased significantly by 590 basis points to 34.4%, while operating margin rose 260 basis points to 8.0%. Normalized diluted EPS increased to $0.36 from $0.24 year-over-year. The company raised its full-year 2024 outlook, projecting net sales decline of 6-7%, core sales decline of 3-4%, and normalized EPS of $0.60-$0.65. Operating cash flow guidance was increased to $450-550 million. Newell Brands is progressing with its turnaround strategy, focusing on improving top-line trajectory, margin expansion, and deleveraging the balance sheet.