NWL's fourth-quarter 2024 bottom-line results are likely to reflect the impacts of a tough macroeconomic environment, including inflation.
Newell Brands (NWL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NWL's strategic endeavors, including organizational realignment and cost-saving efforts, bode well.
NWL's strategic endeavors, including investments in innovation and brand-building efforts, bode well.
NWL stock's momentum is backed by its emphasis on investing in innovation, brand-building, and go-to-market excellence for its most profitable brands and markets.
NWL's strategic endeavors, including organizational realignment and cost-saving efforts, bode well.
In the past, Newell Brands faced significant challenges, including inflation, supply chain issues, and weak consumer sentiment, but recent improvements justify upgrading the stock from a 'sell' to a 'hold'. Despite a revenue decline, Newell Brands saw profitability improvements, with adjusted earnings per share matching analysts' expectations, and operating cash flow showing positive trends. Management's restructuring initiatives, including Project Phoenix, have started to yield results, with notable reductions in net debt and inventory levels, indicating better financial stability.
U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling around 200 points on Friday.
NWL reports a sales decline in third-quarter 2024, owing to a year-over-year core sales drop of 1.7%.
Newell Brands (NWL) shares soared nearly 25% Friday afternoon as the maker of consumer products said its turnaround plan is "on track."
Newell Brands Inc. (NASDAQ:NWL ) Q3 2024 Results Conference Call October 25, 2024 9:30 AM ET Company Participants Joanne Freiberger - Vice President of Investor Relations Chris Peterson - President and Chief Executive Officer Mark Erceg - Chief Financial Officer Conference Call Participants Olivia Tong - Raymond James Lauren Lieberman - Barclays Bill Chappell - Truist Securities Andrea Teixeira - JPMorgan Chris Carey - Wells Fargo Securities Brian McNamara - Canaccord Genuity Filippo Falorni - Citi Operator Good morning, and welcome to Newell Brands' Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
While the top- and bottom-line numbers for Newell Brands (NWL) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.