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ATLANTA - Newell Brands (NASDAQ:NWL) reported fourth quarter earnings that beat analyst expectations, while revenue fell short of estimates.
The consumer goods company also provided guidance for the first quarter and full year 2025 that was mixed compared to consensus forecasts.
Newell Brands posted adjusted earnings per share of $0.16 for Q4, exceeding the analyst estimate of $0.14. Revenue came in at $1.95 billion, slightly below the $1.97 billion consensus estimate. Sales declined 6.1% YoY, with core sales down 3.0%.
The company’s gross margin improved significantly, rising to 34.2% from 29.9% in the year-ago quarter. Normalized gross margin increased to 34.6% from 31.1%.
"Newell Brands delivered strong results in 2024 driven by disciplined implementation of our new corporate strategy, operating model and culture transformation," said CEO Chris Peterson.
He noted the company drove year-over-year sales performance improvement and strengthened front-end selling and marketing capabilities.
For Q1 2025, Newell Brands expects adjusted EPS between -$0.09 and -$0.06, below the $0.02 analyst consensus. Full year 2025 adjusted EPS guidance of $0.70-$0.76 brackets the $0.75 consensus estimate.
The company projects full year 2025 net sales to decline 4% to 2%, with core sales ranging from a 2% decline to a 1% increase.
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