---
schema_version: "secwatch.filing_event.v1"
accession: "0000814453-23-000066"
form_type: "8-K"
ticker: "NWL"
cik: "0000814453"
company_name: "NEWELL BRANDS INC."
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T07:09:33.933401+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Newell Brands Q1 net sales down 24% to $1.8B, normalized EPS -$0.06, FY at low end

## Summary
- Net sales $1.8B (-24.4% YoY); core sales -18%; reported diluted loss $0.25; normalized diluted loss $0.06.
- All segments declined: Home & Commercial core sales -18.8%, Learning & Dev -10.8%, Outdoor & Rec -27.4%.
- Project Phoenix: $36M restructuring charges in Q1; expects $100-130M total; $18M savings in Q1.
- Full year 2023 reaffirmed: net sales $8.4-8.6B, normalized EPS $0.95-1.08, but now expects low end.
- Operating cash outflow improved to -$77M from -$272M YoY; inventory down ~$150M.

## SEC filing metadata
- accession: 0000814453-23-000066
- form_type: 8-K
- ticker: NWL
- cik: 0000814453
- company_name: NEWELL BRANDS INC.
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814453/000081445323000066/0000814453-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814453/000081445323000066/nwl-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000814453-23-000066
- JSON: https://secwatch.observer/filing/0000814453-23-000066.json
- Plain text: https://secwatch.observer/filing/0000814453-23-000066.txt

## Key facts
- Earnings Releases
  NEWELL BRANDS INC. updated its first quarter 2023 guidance (reaffirmed).
  - Period: first quarter 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On April 28, 2023 Newell Brands Inc. (the “Company”) issued a press release including additional financial information to report the Company’s earnings for the quarter ended March 31, 2023, which is attached to this report as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814453/000081445323000066/0000814453-23-000066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.