Newell Brands slumps after downbeat annual forecasts

Newell Brands

31/10/2025 11:26

** Shares of Sharpie maker Newell Brands NWL.O plunge about 16% to $3.99 premarket

** 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 5% and 4.5%, compared with prior view of 3% to 2% 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 in Bengaluru)

 ((koyena.das@thomsonreuters.com))