Advertisement
Newell Brands Guides FY24 Below Estimates - Update
(RTTNews) - While reporting financial results for the fourth quarter on Friday, consumer goods company Newell Brands, Inc. (NWL) initiated its normalized earnings and sales growth guidance for the full-year 2024. The company also provided outlook for the first quarter.
For fiscal 2024, the company now projects normalized earnings in a range of $0.52 to $0.62 per share on net sales decline of 8 to 5 percent, with core sales decline of 6 to 3 percent.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.77 per share on revenue decline of 4.3 percent to $7.69 billion for the year. Analysts' estimates typically exclude special items.
For the first quarter, the company anticipates normalized loss in a range of $0.09 to $0.05 per share on net sales decline of 10 to 8 percent, with core sales decline of 8 to 6 percent.
The Street is looking for earnings of $0.02 per share on revenue decline of 6.3 percent to $1.68 billion for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Newell Brands Slashes FY23 Outlook - Update
Yen Rises Against Majors
Canadian Dollar Drops Against Majors
NZ Dollar Slides Against Most Majors
Australian Dollar Falls Against Majors
European Shares Set To Slide Amid Trade, Geopolitical Tensions
European Economic News Preview: UK GDP, Foreign Trade Data Due
