Newell Brands Q2 net sales down 13%, EPS $0.04; cuts full-year outlook

NEWELL BRANDS INC.

2023-Q2 EPS reported -$0.20 revenue$4,009,000,000

Net sales $2.2B (-13.0% YoY); core sales down 11.9%; diluted EPS $0.04 vs $0.48.
Normalized EPS $0.24 vs $0.56; normalized operating margin 9.1% vs 14.0%.
YTD operating cash flow $277M vs -$450M; inventories down ~$700M YoY.
Home & Commercial operating loss $21M; Learning & Development income $188M; Outdoor & Recreation income $5M.
Updated FY2023 outlook: net sales $8.2-8.34B, normalized EPS $0.80-0.90; Q3 EPS $0.20-0.24.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NEWELL BRANDS INC. reported the quarter ended June 30, 2023 results: revenue $2.2 billion, net income $18 million, EPS $0.04.

Period: the quarter ended June 30, 2023
Revenue: $2.2 billion
Net income: $18 million
EPS: $0.04
Result: reported results

Exact text from the filing

operating margin to be up significantly versus both the first half of this year and the second half of last year." Second Quarter 2023 Executive Summary – Net sales were $2.2 billion, a decline of 13.0 percent compared with the prior year period. – Core sales declined 11.9 percent compared with the prior year period. – Reported operating margin was 5.4

View on SEC.gov

Browse all earnings releases →

NEWELL BRANDS INC. filing history →

Source: SEC EDGAR

accession 0000814453-23-000135

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.