Newell Brands down after Q1 loss forecast, weaker sales

Newell Brands

07/02/2025 14:25

** Shares of Sharpie maker Newell Brands  NWL.O  plunge ~12%
to $8.56 premarket
    ** NWL expects Q1 loss on increased promotional costs, and
greater-than-expected decline in annual sales due to tepid
demand
    ** NWL anticipates loss between 6 cents and 9 cents per
share in Q1 vs estimates of profit of 3 cents per share -
LSEG-compiled data
    ** Expects Q1 net sales to be down 5% to 8% vs estimates of
a drop of 3.4% 
    ** Forecasts FY25 net sales to decline in the range of 2% to
4% vs analysts' estimates of 0.7% decline
    ** NWL rose about 15% in 2024

 (Reporting by Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))