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
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
