Form SC 13G NEWELL BRANDS INC. Filed by: PZENA INVESTMENT MANAGEMENT LLC

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Newell Brands (NWL) shares slide as company forecasts 2024 net sales decline

February 9, 2024 12:02 PM EST

Newell Brands (NASDAQ: NWL) shares plunged 16% Friday on the back of its latest quarterly results, which saw sales fall despite topping consensus expectations.

The company reported fourth-quarter earnings of $0.22, $0.05 better than the analyst estimate of $0.17. At the same time, revenue for the quarter came... More