Consumer goods company Newell Brands Inc. (NASDAQ: NWL) announced financial results for the fourth quarter of 2023, reporting a decrease in sales.
- Fourth quarter net sales were $2.1 billion, a decline of 9.1% from the prior year period; core sales dropped 9.3%
- Reported gross margin increased to 29.9% in Q4 from 26.3% in the prior-year period
- The company reported a loss of $0.21 per share for the December quarter, compared to a loss of $0.60/ share last year
- Net loss narrowed to $86 million in the fourth quarter from 249 million in the year-ago quarter
- On a normalized basis, it was a profit of $0.22 per share, vs. $0.16 per share in the prior year period
- The company reduced its debt to $4.9 billion at the end of 2023, from $5.4 billion at the end of 2022
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Alibaba Group (BABA) Q2 2025 Earnings: Key financials and quarterly highlights
Alibaba Group Holding Limited (NYSE: BABA) reported its second quarter 2025 earnings results today. Revenue was $33.7 billion, up 5% year-over-year. Net income attributable to ordinary shareholders grew 58% to
AMAT Earnings: Applied Materials Q4 revenue and profit increase YoY
Applied Materials, Inc. (NASDAQ: AMAT) announced financial results for the fourth quarter of 2024, reporting an increase in revenue and adjusted earnings. Adjusted earnings of the semiconductor technology company increased
What to expect when Target (TGT) reports its Q3 2024 earnings results
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday. The stock has gained 9% over the past three months. The retailer is scheduled to report its earnings results for
