All Newell Brands articles – Page 2
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News briefsNewell Brand’s bond offering receives Ba1 rating from Moody’s
After a negative outlook from S&P Global for Newell Brands, the parent company of outdoor and recreation brands CampingGaz, Coleman, Marmot and others, Moody’s rating was much more favorable: The new senior unsecured bonds received a Ba1 rating, and the outlook for the company remained positive. The rating agency expects ...
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News briefsNewell Brands drops FY22 outlook
Newell Brands has revised its full-year revenue, operating margin and cash flow forecasts due to “a more challenging than anticipated operating and consumer backdrop.” The Atlanta-based company and parent to eight brands in its outdoor & recreation segment, including CampingGaz, Coleman, Marmot and Ex-Officio, has reduced its FY22 revenue outlook ...
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News briefs
Quarterly outdoor recreation sales fell 5.7 percent for Newell Brands
Newell Brands, which reported a 5.7 percent drop in outdoor & recreation sales to $427 million from $453 million in the second quarter, said the segment’s core sales increased 2.5 percent during the period against a difficult year-ago comparison. Outdoor equipment revenues outside the U.S. fueled the sales gain in ...
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News briefs
Newell Brands names Chris Peterson president and CFO
Newell Brands Inc., the owner of several brands including Marmot, Coleman and Campingaz, has promoted Chris Peterson, former chief financial officer and president business operations, to president and chief financial officer. Peterson will continue to lead all aspects of the company’s financial operations and maintain oversight of supply chain, procurement, ...
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News briefs
Newell Brands’ outdoor sales lifted by early retailer orders
Newell Brands’ outdoor and recreation division’s first-quarter sales increased by 15 percent to $388 million, bolstered by accelerated orders of seasonal products by retailers, as operating income tripled to $45 million. Brands within the segment include Aerobed, Bubba, Campingaz, Coleman, Contigo, Marmot and Stearns. Core sales were 22.9 percent ...
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Article
Newell Brands sets new sustainability goals in annual report
Atlanta-based Newell Brands Inc. (owner of Coleman and Campingaz, among others) has published its 2021 corporate citizenship report, highlighting the progress made against the goals set on operations, sustainability, diversity and inclusion. The biggest news from the report is the company’s official announcement of the goal to ...
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ArticleColeman helps boost Q4 sales at Newell Brands outdoor unit
Final quarter sales at Newell Brands Outdoor & Recreation division rose to $304 million from $249 million a year ago, as growth in the outdoor equipment and beverage categories offset a slight decline in technical apparel. Core sales at the division, home of the Coleman, Campingaz and Marmot brands, grew ...
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News briefsVF named one of the top female-friendly companies in the world
VF Corp. was ranked 12th out of 300 companies on Forbes’ list of “World’s Top Female Friendly Companies 2021,” a ranking compiled by Forbes and market research firm Statista Inc. For the list, 85,000 women in 40 countries were surveyed and asked to rate their employers on criteria such as ...
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ArticleQ3 sales at Newell Brands' outdoor unit up 2.1%
Third-quarter net sales at Newell Brands’ Outdoor & Recreation division, including the Campingaz, Marmot and Coleman brands, amongst others, rose 2.1 percent to $391 million, driven by strength in outdoor equipment and on-the-go beverage categories as Covid lockdown curbs eased. Reported operating income at the division fell to $27 ...
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ArticleNewell reports Q2 sales rise of 28.3 percent
For the second quarter, Newell Brands net sales were $2.7 billion, a 28.3 percent increase compared to the prior-year period, as core sales growth of 25.4 percent and favorable foreign exchange were slightly offset by the impact of business and retail store exits. The company said that net sales were ...
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News briefsNewell's sales surge 21%
Newell Brands’ revenues for the first quarter rose by 21.3 percent to $2.3 billion, with core sales increasing by 20.9 percent. Overall, every business unit and major region increased core sales compared with the year-ago quarter. The management said that 2021 is off to a great start, with double-digit growth, ...
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ArticleNewell’s sales up by 2.5 %
Newell Brands’ revenues for the fourth quarter rose by 2.5 percent to $2.7 billion, as a core sales gain of 4.9 percent was partially offset by currency headwinds and divested businesses. The management said that it ended the fourth quarter on a very strong note, with six out of eight ...
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News briefsNewell posts better-than-expected growth
Newell Brands’ revenues for the third quarter rose by 5.1 percent to $2.7 billion, as a core sales gain of 7.2 percent was partially offset by currency headwinds and divested businesses. The management said it recorded broad-based growth, which was better-than-expected, underpinned by strong consumption, and significant improvement in operating ...
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News briefs
Newell Brands elects Jay Johnson of Lamar Advertising to its Board
Jay L. Johnson, executive vice president, chief financial officer and treasurer of Lamar Advertising Company, a U.S. outdoor advertising company which operates billboards, logo signs, and transit displays in the United States and Canada, has been elected to the board of directors of Newell Brands, effective Sept. 8. He will ...
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ArticleNewell sales drop by 20%
Currency headwinds and the effects of the Covid-19 pandemic caused Newell Brands’ revenues for the second quarter to drop by 14.9 percent to $2.1 billion. The gross margin contracted by 3.4 percentage points to 31.5 percent due to measures to reduce debt, currency fluctuations and unfavorable mix. During the period, ...
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News briefs
Newell reports a $1.3 billion loss for Q1
Newell Brands reported an operating loss of $1.1 billion after impairment charges in the first quarter for its Home & Outdoor Living segment, which includes Coleman and Marmot as well as other brands such as ExOfficio, First Alert or Yankee Candle. On a normalized basis, the segment generated a negative ...
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News briefs
Marmot takes over own distribution in Sweden and Denmark
After 19 years, the Swedish distributor Granitbiten from Stockholm and the outdoor brand Marmot have decided to go different ways, Sportfack has reported. Granitbiten was responsible for Marmot’s Swedish and Danish markets until mid-March. Marmot will take over all sales and customer service for the brand in Sweden and Denmark ...
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