Categories Earnings, Retail

Newell Brands (NASDAQ: NWL): Q4 2019 Earnings Snapshot

— Newell Brands (NASDAQ: NWL) reported its fourth-quarter 2019 normalized earnings of $0.42 per share versus $0.39 per share expected.

— Net sales decreased by 3.1% to $2.6 billion versus $2.58 billion expected. This reflected a 1.5% decline in core sales and the unfavorable impact of foreign exchange. Core sales increased at four of eight business units.

Newell Brands (NWL) Q4 2019 earnings snapshot

— The Learning & Development segment sales declined by 0.7% as core sales growth of 0.9% was offset by the headwind from foreign exchange.

— The Food & Commercial segment sales declined by 0.3% due to headwind from foreign exchange and core sales decline from Commercial.

— The Home & Outdoor Living segment sales dropped by 5% due to core sales decline of 2.8%, the impact of unfavorable foreign exchange and the exit of 75 underperforming Yankee Candle retail stores during 2019.

— The Appliances & Cookware segment sales fell by 6% due to the impact of unfavorable foreign exchange and a core sales decline of 4.6%.

— For the first quarter of 2020, the company expects net sales in the range of $1.9-1.95 billion and normalized earnings of $0.05-0.08 per share. The consensus estimates EPS of $0.13 on revenue of $2.02 billion.

— For the full year 2020, Newell sees net sales in the range of $9.4-9.55 billion and normalized earnings of $1.46-1.56 per share. The consensus estimates EPS of $1.55 on revenue of $9.66 billion.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Key highlights from Halliburton (HAL) Q1 2021 earnings results

Halliburton Company (NYSE: HAL) reported first-quarter 2021 earnings results today. Total revenue decreased by 31% to $3.45 billion from $5.03 billion year on year. The company had a net income

Key highlights from Intuitive Surgical (ISRG) Q1 2021 earnings results

Intuitive Surgical, Inc. (NASDAQ: ISRG) reported first quarter 2021 earnings results today. Revenues increased 18% year-over-year to $1.29 billion, driven by growth in da Vinci procedures and system placements. GAAP net income

Earnings Infographic: Netflix (NFLX) subscriber growth slows; Q1 results beat

Netflix, Inc. (NASDAQ: NFLX) Tuesday said its first-quarter 2021 earnings more than doubled. Both revenues and profit topped the Street view, but the streaming giant's subscriber growth decelerated. At the

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top