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Newell Brands Inc. is a leading global consumer goods company known for its diverse portfolio of well-known brands. The company operates in nearly 200 countries and focuses on enhancing and brightening consumers' lives both at home and outdoors by creating moments of joy, building confidence, and providing peace of mind. Newell Brands sells a wide range of products, including household items, writing instruments, baby gear, and outdoor lifestyle products .
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Home and Commercial Solutions - Offers commercial cleaning and maintenance solutions, closet and garage organization, hygiene systems, material handling solutions, household products, kitchen appliances, food and home storage products, fresh preserving products, vacuum sealing products, gourmet cookware, bakeware, cutlery, and home fragrance products .
- Brands: Ball, Calphalon, Crockpot, FoodSaver, Mapa, Mr. Coffee, Oster, Rubbermaid, Rubbermaid Commercial Products, Sistema, Spontex, Sunbeam, WoodWick, Yankee Candle .
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Learning and Development - Provides baby gear and infant care products, writing instruments (markers, highlighters, pens, pencils), art products, activity-based products, and labeling solutions .
- Brands: Dymo, Elmer’s, EXPO, Graco, NUK, Paper Mate, Parker, Sharpie .
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Outdoor and Recreation - Focuses on active lifestyle products for outdoor and outdoor-related activities, technical apparel, and on-the-go beverageware .
- Brands: Campingaz, Coleman, Contigo, Marmot .
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Given that the broader general merchandise market remains down and consumer spending is shifting towards basic needs, how confident are you in your strategy to focus on higher-priced, premium products, and what gives you confidence that this will drive sustainable top-line growth?
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You mentioned meaningful improvements in gross margin driven largely by FUEL productivity efforts; can you provide more specifics on how these productivity gains were achieved, and how sustainable they are in the long term?
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With the significant investments in advertising and promotion increasing from about 4% to nearly 5% of sales and a potential target of 6% to 7%, how do you plan to balance this increased spend with the need to improve operating margins, and what ROI are you expecting from these investments?
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Despite sequential improvements, some of your key segments like Outdoor & Recreation are still experiencing significant declines; what specific strategies are you implementing to turn around these underperforming segments, and what is the realistic timeline for seeing positive growth?
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The core sales guidance range for the fourth quarter is quite wide, and there's mention of uncertainties like consumer dynamics and upcoming elections; how are these factors impacting your ability to provide more precise guidance, and what contingency plans do you have in place to mitigate risks from potential macroeconomic volatility?