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Newell Brands

All articles tagged with #newell brands

finance1 year ago•2 min saved

Newell Brands Stock Slides Amid Market Turbulence

Newell Brands stock slid 16.6% after the company posted solid Q4 results but offered lackluster guidance for 2024, with revenue and core sales both falling 9%. Despite improved gross margin and adjusted earnings per share exceeding estimates, the company's guidance for 2024 disappointed investors, with expectations of further revenue decline and adjusted loss in Q1. The company's turnaround is taking longer than hoped, leading to a faster-than-anticipated fall in earnings.

via Yahoo Finance|

#cost-cutting #finance #guidance

business2 years ago•0 min saved

Newell Brands Announces 7% Office Job Cut and Footprint Reduction

Newell Brands plans to cut 7% of its office roles and reduce its real-estate footprint as part of an organizational realignment, aiming to achieve annual pretax savings of $65 million to $90 million net of reinvestment, with the majority expected this year.

via The Wall Street Journal|

#business #cost-savings #newell-brands

business2 years ago•2 min saved

"Stocks on the Move: Shutterstock, Newell Brands, Zillow, and More"

Shutterstock shares surged 10% after announcing an expanded partnership with OpenAI, while Newell Brands jumped over 10% following a buy rating from Canaccord. Zillow saw an 11% increase after being upgraded by Piper Sandler, and Salesforce gained over 2% after announcing price hikes. WD-40 shares popped more than 15% on strong fiscal third-quarter results. In other news, 3M, Amazon, JetBlue Airways, Xpeng, JPMorgan Chase, Novo Nordisk, Scotts Miracle-Gro, Generac, and U.S. Bancorp also experienced notable stock movements.

via CNBC|

#business #newell-brands #salesforce