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Stock impact report

Newell's (NWL) Strategic Efforts Bode Well: Apt to Retain [Yahoo! Finance]

Newell Brands Inc. (NWL) 
Last newell brands inc. earnings: 5/1 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
The company is also evaluating opportunities to optimize the category mix and drive growth within each business unit. It is on track to leverage its robust e-commerce capabilities to aid overall growth. In the past month, shares of the current Zacks Rank #3 (Hold) company have risen 6.7% compared with the industry's 2.9% upside. Let's Delve Deep Newell is undertaking significant actions to accelerate productivity and efficiency through productivity plans, driving automation and fully implementing Project Ovid. Increased focus on revenue-growth management, aggressive efforts to reduce SKU as well as supply network optimization bode well. It is also focused on stringent cost-cutting plans such as right-sizing overhead costs and others. Its efforts to rightsize the manufacturing labor force across selected sites resulted in $50 million in annualized cost savings. During fourth-quarter 2023, the normalized gross margin expanded 570 basis points (bps) year over year, driven by gains Show less Read more
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