---
schema_version: "secwatch.filing_event.v1"
accession: "0000814453-23-000135"
form_type: "8-K"
ticker: "NWL"
cik: "0000814453"
company_name: "NEWELL BRANDS INC."
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:27:06.758345+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000814453-23-000135
- form_type: 8-K
- ticker: NWL
- cik: 0000814453
- company_name: NEWELL BRANDS INC.
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814453/000081445323000135/0000814453-23-000135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814453/000081445323000135/nwl-20230728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000814453-23-000135
- JSON: https://secwatch.observer/filing/0000814453-23-000135.json
- Plain text: https://secwatch.observer/filing/0000814453-23-000135.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/814453/000081445323000135/0000814453-23-000135-index.htm

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