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
MU Earnings: Micron Q2 profit jumps on higher revenues, tops expectations
Semiconductor company Micron Technology Inc. (NASDAQ: MU) Thursday reported a sharp increase in revenues and earnings for the second quarter of 2025. Earnings also surpassed Wall Street's forecasts. The Idaho-headquartered
Darden Restaurants sees growth in FY25 and beyond amid menu, tech Innovations
Darden Restaurants, Inc. (NYSE: DRI) has successfully navigated the challenging market environment by constantly innovating its menu offerings and fostering customer loyalty. In the third quarter, sales and profit margin
What to look for when McCormick & Company (MKC) reports Q1 2025 earnings
Shares of McCormick & Company, Incorporated (NYSE: MKC) were down 1% on Thursday. The stock has gained 5% year-to-date. The spice giant is slated to report its first quarter 2025 earnings results
