Newell Brands Inc (NWL.SG)
| Previous Close | 6.51 |
| Open | 6.43 |
| Bid | 7.26 x 176000 |
| Ask | 7.30 x 176000 |
| Day's Range | 6.43 - 6.43 |
| 52 Week Range | 6.17 - 10.71 |
| Volume | |
| Avg. Volume | 24 |
| Market Cap | N/A |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | Jul 26, 2024 - Jul 30, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Yahoo Finance Video
Why Newell Brands is trimming its brand portfolio: CEO
Shares of Newell Brands (NWL) are trading higher on Friday after the company posted its first quarter report, revealing an increase in gross and operating margins. However, the company saw net sales for the quarter fall 8% year-over-year, citing the impact of unfavorable foreign exchange and business exits. Newell Brands CEO Chris Peterson joins Yahoo Finance Executive Editor Brian Sozzi to give insight into the company's performance for the quarter and the logic behind its strategic operations. Peterson elaborates on the company's focus with certain brands: "We made the strategic choice to focus on the top 25 brands. Over the course of the last nine months, we've already reduced the company's brand portfolio from 80 brands down to about 60, so the quality of the portfolio is improving. Similarly, we made choices on geographies. We play in about 42 countries around the world, but the top ten countries represent about 90% of our sales and profit, so that's where we're focused... I don't believe that the large-scale M&A is needed to drive shareholder value for the company in the next few years." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
- Thomson Reuters StreetEvents
Q1 2024 Newell Brands Inc Earnings Call
Q1 2024 Newell Brands Inc Earnings Call
ZacksNewell (NWL) Earnings Surpass Estimates in Q1 Sales Dip Y/Y
Newell (NWL) reports a sales decline in first-quarter 2024, owing to a core sales drop of 4.7% year over year.
