Newell Brands hits record low after cutting annual forecasts

Newell Brands

31/10/2025 14:42

Corrects milestone in headline and first bullet to 38-year low, not record low

** Shares of Sharpie maker Newell Brands NWL.O plunge about 33% to a 38-year low of $3.15

** Set to log biggest intraday loss ever

** NWL expects steeper annual sales decline and lowers its annual profit forecast on weaker demand, especially in Brazil, due to tariff costs and reduced retail inventory levels

** Expects FY25 net sales to decline between 4.5% and 5%, compared with prior view of 2% to 3% fall

** Forecasts FY25 normalized EPS between 56 cents and 60 cents vs previous projection of 66 cents to 70 cents

** Q3 sales decline 7.2% to $1.8 billion, missing analysts' average estimate of $1.88 billion - data compiled by LSEG

** Co expects incremental cash tariff cost of approximately $180 million, compared with a year ago

** Up to last close, stock down 52.61% YTD

 (Reporting by Koyena Das and Prerna Bedi in Bengaluru)

 ((koyena.das@thomsonreuters.com))