Rubbermaid Parent Newell Brands Stock Soars as It Says Turnaround Plan Working

Investopedia10-26

Key Takeaways Newell Brands said its turnaround plan is on track as the maker of consumer products announced it had reduced its losses.CEO Chris Peterson said the company's "business transformation is...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2478500299?lang=en_US&edition=fundamental","thumbnail":"https://www.investopedia.com/thmb/C7y9SglDtPNeB7cA2Ghm9pu8QLw=/5196x3464/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2168999221-0197e85ee4454f8b83c5792eb944a843.jpg","is_english":true,"pubTime":"2024-10-26 01:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2478500299","market":"sg","top_or_hot":-1,"title":"Rubbermaid Parent Newell Brands Stock Soars as It Says Turnaround Plan Working","media":"Investopedia","content":"<div>\n<p>Key Takeaways\nNewell Brands said its turnaround plan is on track as the maker of consumer products announced it had reduced its losses.CEO Chris Peterson said the company's \"business transformation is...</p>\n\n<a href=\"https://www.investopedia.com/rubbermaid-parent-newell-brands-stock-soars-as-it-says-turnaround-plan-working-8734451\">Source Link</a>\n\n</div>\n","source":"investopedia_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rubbermaid Parent Newell Brands Stock Soars as It Says Turnaround Plan Working</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRubbermaid Parent Newell Brands Stock Soars as It Says Turnaround Plan Working\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-26 01:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/rubbermaid-parent-newell-brands-stock-soars-as-it-says-turnaround-plan-working-8734451><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nNewell Brands said its turnaround plan is on track as the maker of consumer products announced it had reduced its losses.CEO Chris Peterson said the company's \"business transformation is...</p>\n\n<a href=\"https://www.investopedia.com/rubbermaid-parent-newell-brands-stock-soars-as-it-says-turnaround-plan-working-8734451\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.investopedia.com/rubbermaid-parent-newell-brands-stock-soars-as-it-says-turnaround-plan-working-8734451","article_id":"2478500299","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/C7y9SglDtPNeB7cA2Ghm9pu8QLw=/5196x3464/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2168999221-0197e85ee4454f8b83c5792eb944a843.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478500299","pubTimestamp":1729877174,"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Newell Brands said its turnaround plan is on track as the maker of consumer products announced it had reduced its losses.CEO Chris Peterson said the company's \"business transformation is well underway.\"The news sent shares of Newell Brands into positive territory for the year.Newell Brands  shares soared nearly 25% Friday afternoon as the maker of consumer products said its turnaround plan is \"on track.\". The owner of brands such as Rubbermaid, Graco, and Coleman reported it cut its year-over-year third-quarter net loss by $20 million to $198 million. The $0.48 loss per share was down from $0.53. Normalized diluted earnings per share  came in at $0.16, in line with consensus estimates of analysts polled by Visible Alpha, while revenue fell 5% to $1.95 billion, just short of forecasts.Sales at the company's Learning & Development division rose 3% to $717 million. They were down 7% to $1.05 billion at the Home & Commercial Solutions segment, and were off 21% to $183 million at the Outdoo","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","NWL.AU":"NETWEALTH GROUP LTD","NWL":"纽威","CEO":"中海油","BK7062":"资产管理与托管银行","BK4585":"ETF&股票定投概念","BK4180":"家用器具与特殊消费品"},"translate_title":"Rubbermaid母公司Newell Brands表示扭亏为盈计划奏效，股价飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CEO":1,"NWL":1,"NWL.AU":1},"content_text":"Key Takeaways\nNewell Brands said its turnaround plan is on track as the maker of consumer products announced it had reduced its losses.CEO Chris Peterson said the company's \"business transformation is well underway.\"The news sent shares of Newell Brands into positive territory for the year.\n Newell Brands (NWL) shares soared nearly 25% Friday afternoon as the maker of consumer products said its turnaround plan is \"on track.\"\n\n\n The owner of brands such as Rubbermaid, Graco, and Coleman reported it cut its year-over-year third-quarter net loss by $20 million to $198 million. The $0.48 loss per share was down from $0.53. Normalized diluted earnings per share (EPS) came in at $0.16, in line with consensus estimates of analysts polled by Visible Alpha, while revenue fell 5% to $1.95 billion, just short of forecasts.\n\n\n Sales at the company's Learning & Development division rose 3% to $717 million. They were down 7% to $1.05 billion at the Home & Commercial Solutions segment, and were off 21% to $183 million at the Outdoor & Recreation unit.\n\n\n  CEO Says 'Business Transformation Is Well Underway'  \n Chief Executive Officer (CEO) Chris Peterson said that after five full quarters since the company launched its new corporate strategy, \"it is clear that Newell Brand’s business transformation is well underway.\" Peterson added that while the \"the macroeconomic backdrop is still uncertain, we are confident that the actions we are taking and the capabilities we are building are laying a solid foundation for the company's future.\"\n\n\n The news lifted shares of Newell Brands into positive territory for 2024.\n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478500299"}