Newell Brands Financial Results

Newell Brands announces Q4 results among a tough operating environment.

Slowing consumer demand for general merchandise categories, as well as inventory reductions at retail, saw a difficult second half for the company.

CEO Ravi Saligram shared, “Fourth quarter results were in line with our expectations. We have been taking action to navigate the current environment and positioning the organisation for long-term success.”

Several weeks ago, Newell Brands announced Project Phoenix that is expected to further simplify and strengthen the company.

Ravi Saligram added: “We expect the new operating model to unlock additional growth opportunities for the business over time and bring us even closer to our customers and consumers.”

Read more here.