Newell Brands Reports Mixed Q4 Results, Shares Tumble

Despite beating revenue and EPS estimates, Newell Brands anticipates a challenging year ahead with expected declines in revenue and earnings.

Newell Brands Inc. reported a fourth-quarter loss of $86 million, with revenues of $2.08 billion surpassing analyst expectations.
The company's shares dropped by 12% following the announcement of its fourth-quarter results and future outlook.
For the full year, Newell Brands reported a loss of $388 million, with total revenue amounting to $8.13 billion.
The company expects a decline in revenue between 8% to 5% for FY24, with adjusted EPS projected to be between $0.52 and $0.62.
Newell Brands announced an organizational realignment aimed at strengthening its commercial capabilities, expecting to complete most actions by the end of 2024.