Newell Brands Reaffirms 2024 Sales Decline Of 8%-5%, With Core Sales To Fall Between 6% to 3%
Portfolio Pulse from Benzinga Newsdesk
Newell Brands has reaffirmed its forecast for a sales decline of 8%-5% by 2024, with core sales expected to fall between 6% and 3%.

April 26, 2024 | 11:10 am
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Newell Brands expects a sales decline of 8%-5% by 2024, with core sales to fall between 6% and 3%.
The reaffirmation of a sales decline by Newell Brands directly impacts investor sentiment and the company's stock price. A projected decrease in sales, especially in core sales, is typically viewed negatively by the market, leading to potential short-term bearish sentiment towards NWL stock. The specificity of the forecast and the focus on core sales decline highlight significant challenges the company faces, which could dampen investor confidence and pressure the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100