Yankee Candle maker Newell Brands to close stores and cut 900 jobs [CBS News]
Newell Brands Inc. (NWL)
Last newell brands inc. earnings: 5/1 07:30 am
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Source: CBS News
Newell also said in a statement that it will close roughly 20 Yankee Candle stores across the U.S. and Canada early next year as part of its cost-cutting plan. The layoffs are set to begin this month, according to the Atlanta-based company. Newell's other brands include Mr. Coffee, Oster, Rubbermaid and Sunbeam. The publicly listed company, whose shares have fallen early 62% this year amid slowing growth, launched a turnaround plan in 2023 as it tries to boost sales. The company has also said it will increase its use of automation and artificial intelligence to boost productivity. "We've made meaningful progress executing our strategy and strengthening Newell Brands, but there is more work to do," Newell Brands president and CEO Chris Peterson said in a statement. "This productivity plan is about taking the next, disciplined step to enhance efficiency, sharpen our strategic focus, and deliver stronger, more consistent performance." In October, Newell reported third-quarter net
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NWL
News
- Sharpie maker Newell Brands among recent holiday layoffs [Yahoo! Finance]Yahoo! Finance
- Newell Brands (NWL): Reassessing Valuation After Cost-Cutting Plan and Softer Sales Guidance [Yahoo! Finance]Yahoo! Finance
- Newell Brands to Cut 10% of Employees in Cost-Savings Push [Yahoo! Finance]Yahoo! Finance
- Newell Brands (NASDAQ:NWL) had its price target lowered by analysts at UBS Group AG from $5.50 to $4.00. They now have a "neutral" rating on the stock.MarketBeat
- NUK® Expands Perfect Match™ Line to Help Make Feeding & Soothing Natural at Every StagePR Newswire
NWL
Earnings
- 10/31/25 - Miss
NWL
Sec Filings
- 12/1/25 - Form 8-K
- 11/14/25 - Form SCHEDULE
- 10/31/25 - Form 10-Q
- NWL's page on the SEC website