All Newell Brands articles
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ArticleNewell Brands announces changes to the Board
Newell Brands, the Atlanta-based group that owns several consumer goods brands, including outdoor brands Marmot, Coleman, Contigo and Campingaz, announced changes to its Board of Directors. James “Jim” Keane, retired President & Chief Executive Officer of Steelcase Inc., has been elected to the company’s Board of Directors, effective Feb. 15, ...
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News briefsNewell Brands’ Outdoor & Rec segment needs a turnaround
Newell Brands Outdoor & Recreation segment that includes Coleman, CampingGaz, and Marmot is the company’s business unit “in most need of a turnaround,” President and CEO Chris Peterson told analysts as the Atlanta company reported Q4 and FY23 results. The Outdoor & Rec business, which has a new marketing ...
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News briefsNewell restructures again
Newell Brands, the parent of Marmot, Coleman, Contigo and other outdoor brands, will spend up to $90 million as part of a renewed reorganization that will cut about 7 percent of its office jobs, with most of the costs and reductions occurring by the end of the year. The reorganization ...
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News briefsNewell Brands reports quarterly loss for Outdoor & Rec business
The third quarter operating loss in Newell Brands’ Outdoor & Recreation segment, which includes Coleman and CampingGaz, was $42 million against a profit of $6 million for the three months ended Sept. 30. The results include a non-cash impairment charge of $22 million. The normalized operating loss was $7 million ...
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News briefsNewell Brands drops annual guidance, outdoor & recreation Q2 results fall
Newell Brands, the Coleman and CampingGaz parent, reported a 22 percent decline in Outdoor & Recreation segment sales to $333 million from $427 million for the period ended June 30. A 20.9 percent drop in core sales and currency impact is included in the revenue total. Segment operating income slid ...
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News briefsNewell Brands’ outdoor & recreation unit reports another quarterly loss
Newell Brands’ outdoor & recreation business segment, which includes Coleman, CampingGaz, Marmot, and Ex-Officio, reported an operating loss of $1 million versus a profit of $46 million in Q1, which ended March 31. Outdoor & recreation’s normalized operating income fell by 74 percent to $13 million from $50 million. Total ...
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News briefsLeadership change at Newell Brands
In light of the upcoming retirement of current Newell Brands CEO and board member Ravi Saligram, the company has announced the appointment of Chris Peterson as president and CEO, effective May 16, 2023. At the company’s 2023 annual meeting of stockholders on that date, the board also plans to nominate ...
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News briefsNewell Brands’ outdoor & recreation segment widens Q4 loss
The business unit, which includes CampingGaz, Coleman, Marmot and Ex-Officio, recorded a $14 million operating loss against a loss of $1 million for the period ended Dec. 31. Total segment sales fell by 21 percent to $211 million from $304 million because of unfavorable currency conversion impact and the exit ...
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News briefsNewell Brands sets restructuring plan, 13% of workforce lose jobs
Newell Brands, the consumer goods company that features Marmot, Coleman, Campingaz and Contigo in its portfolio of brands, is consolidating its five operating segments into three and eliminating approximately 13 percent of its office workforce headcount this year. The total cost of the actions is pegged at $100 to $130 ...
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News briefsNewell to have new CFO and president in 2023
On Jan. 9, 2023, Mark Erceg is to become Newell Brands’ chief financial officer, in charge of finance, IT, planning & analysis, accounting, SEC reporting, internal audit, tax, treasury, investor relations, information management and global business services. Erceg will be succeeding and reporting to Chris Peterson, who will be fully ...
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News briefsNewell Brands elects Stephanie Stahl to its board of directors
Newell Brands, whose portfolio includes Marmot, Coleman, and Campingaz, announced the election of Stephanie Stahl to its board of directors, effective Jan. 1, 2023. With her appointment, the company’s board will increase from ten members to eleven. “We are delighted to welcome Stephanie, a dynamic business leader with a proven ...
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News briefsOutdoor recreation sales slip at Newell Brands
Newell Brands, the parent of CampingGaz, Coleman, Marmot, and Ex-Officio, has reported a 26.0 percent decline in its outdoor & recreation segment sales to $289 million from $391 million for the period ended Sept. 30. An 18.4-percent drop in core sales, unfavorable foreign exchange and exits from certain low-margin categories ...
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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 ...
