Newell Brands: FY24 Could Be The Turning Point [Seeking Alpha]
Newell Brands Inc. (NWL)
Last newell brands inc. earnings: 5/1 07:30 am
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US:NYSE Investor Relations:
ir.newellbrands.com/investor-relations/default.aspx
Company Research
Source: Seeking Alpha
Anticipated product launches and distribution wins in FY24 contribute to a positive outlook for the company. Organizational restructuring and focus on larger innovation initiatives set up a good outlook for FY25 and beyond. Investment summary I believe Newell Brands Inc. ( NASDAQ: NWL ) deserves a buy rating. While the 4Q23 results were mixed, FY24 could be the turning point for the business in both revenue growth and margin expansion. Management FY24 core sales guidance, adjusted for the exit of unprofitable business units, implies sales growth has somewhat stabilized. Given how the January'24 performance is, along with the expected product launches and contribution from distribution wins in late 23, I expect FY24 to meet management guidance easily. NWL restructuring efforts and growth strategies also set up a good outlook for FY25 and beyond. Business overview NWL is a consumer goods company that mainly sells house-related products (housewares and home furnishings) and of
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NWL
News
- Newell (NWL) Earnings Surpass Estimates in Q1 Sales Dip Y/Y [Yahoo! Finance]Yahoo! Finance
- Why Newell Brands is trimming its brand portfolio: CEO [Yahoo! Finance]Yahoo! Finance
- Here's What Key Metrics Tell Us About Newell Brands (NWL) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Newell Brands breaks even in Q1 amid progress on turnaround plans [Seeking Alpha]Seeking Alpha
- Newell Brands Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
NWL
Earnings
- 4/26/24 - Beat
NWL
Sec Filings
- 4/26/24 - Form 10-Q
- 4/26/24 - Form 8-K
- 3/27/24 - Form ARS
- NWL's page on the SEC website