Newell Brands: Q1 Earnings Snapshot

ATLANTA (AP) — ATLANTA (AP) — Newell Brands Inc. (NWL) on Friday reported a loss of $102 million in its first quarter.

The Atlanta-based company said it had a loss of 25 cents per share. Losses, adjusted for restructuring costs and non-recurring costs, came to 6 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The consumer products company posted revenue of $1.81 billion in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $1.79 billion.

Newell Brands expects full-year earnings in the range of 95 cents to $1.08 per share, with revenue in the range of $8.4 billion to $8.6 billion.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on NWL at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up