NWL - Why Rubbermaid Maker Newell Brands' Shares Are Falling Today | Benzinga
Newell Brands Inc (NASDAQ: NWL) reported a third-quarter FY23 sales decline of 9.1% year-on-year to $2.05 billion, missing the analyst consensus estimate of $2.12 billion.
The revenue reflects a core sales decrease of 9.2% and a slight headwind from category exits, partially offset by the impact of favorable foreign exchange.
Adjusted EPS of $0.39 beat the consensus estimate of $0.23.
Gross profit declined 5.6% to $621 million, and the gross margin for the quarter ...