Newell Brands (NWL) Tops Q3 EPS by 16c, Guidance Misses

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Go back to Newell Brands (NWL) Tops Q3 EPS by 16c, Guidance Misses

Newell Brands Announces Third Quarter 2023 Results

October 27, 2023 7:00 AM EDT

Net Sales Decline 9%; Core Sales Decline 9%
Gross Margin Improves Over 100 Basis Points Versus Prior Year
Year-to-Date Operating Cash Flow Increases Over $1.2 Billion Versus Prior Year
Updates Outlook for Full Year 2023

ATLANTA--(BUSINESS WIRE)-- Newell Brands (NASDAQ: NWL) today announced its third quarter 2023 financial results.

Chris Peterson, Newell Brands President and Chief Executive Officer, said, "Since introducing a new strategy in June, we have been laser focused on implementing the organizational, operational and cultural changes required to strengthen the company's front-end consumer facing capabilities,... More