Newell Brands Inc

NASDAQ:NWL  
13.89
-0.08 (-0.57%)
Other Pre-Announcement

Newell Brands Updates Outlook For Q3 And Full Year 2022

Published: 09/06/2022 20:12 GMT
Newell Brands Inc (NWL) - Newell Brands Updates Outlook for Q3 and Full Year 2022.
Anticipates Higher Impact From Retailer Inventory Rebalancing.
Taking Actions to Optimize Costs and Cash Flow.
Sees Q3 Sales $2.21 to $2.32 Billion.
Sees FY Net Sales of $9.37 Billion to $9.58 Billion.
Sees Normalized EPS $0.46 to $0.51 for Q3.
Experienced a Significantly Greater Than Expected Pullback in Retailer Orders and Continued Inflationary Pressures on Consumer.
Sees FY Normalized EPS of $1.56 to $1.70.
Taking Actions to Mitigate Impact of Challenges by Further Tightening Belt on Cash and Cost Management and Adjusting Supply Plan.
Accelerating Its Fuel Productivity Efforts, Closely Managing Discretionary and Overhead Spending.
Newell Brands - Optimizing Advertising & Promotion Expenses, Adjusting Demand Forecast & Supply Plans, Additional Actions to Improve Working Capital.
Q3 Earnings per Share View $0.52, Revenue View $2.47 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $1.83, Revenue View $9.89 Billion -- Refinitiv Ibes Data (analyst estimates).