Reported about 8 hours ago
Newell Brands (NWL), known for its products like Sharpie and Yankee Candle, experienced a significant share price drop of over 27% following mixed fourth-quarter earnings results. Although adjusted earnings per share of $0.16 surpassed estimates, quarterly sales of $1.949 billion fell short of expectations. CEO Chris Peterson expressed optimism for 2025, anticipating core sales growth, improved operating margins, and strengthening cash flows amid potential impacts from tariffs.
Source: YAHOO