Newell Brands Announces Q3 Results

Newell Brands announces its third quarter 2024 financial results.

Highlights include:

• Turnaround on track as year-over-year sales improved
• Strong gross and operating margin performance versus previous year
• Raises outlook for full year 2024

Chris Peterson, Newell Brands President and Chief Executive Officer, said, “This is the fifth full quarter since we deployed our new corporate strategy, and based on our reported results, it is clear that Newell Brand’s business transformation is well underway. During the third quarter, year-over-year sales performance improved sequentially, we drove continued gross and operating margin improvement, while purposefully increasing our level of A&P investment, and we meaningfully de-levered the balance sheet through both debt reduction and EBITDA growth. While much work remains and the macroeconomic backdrop is still uncertain, we are confident that the actions we are taking and the capabilities we are building are laying a solid foundation for the company’s future.”

Read the full story here.