{"id":914554,"date":"2025-12-01T08:05:50","date_gmt":"2025-12-01T13:05:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/newell-brands-announces-global-productivity-plan-to-strengthen-competitiveness-and-deliver-greater-value-for-consumers\/"},"modified":"2025-12-01T08:05:50","modified_gmt":"2025-12-01T13:05:50","slug":"newell-brands-announces-global-productivity-plan-to-strengthen-competitiveness-and-deliver-greater-value-for-consumers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/newell-brands-announces-global-productivity-plan-to-strengthen-competitiveness-and-deliver-greater-value-for-consumers\/","title":{"rendered":"Newell Brands Announces Global Productivity Plan to Strengthen Competitiveness and Deliver Greater Value for Consumers"},"content":{"rendered":"

<\/p>\n

Newell Brands Announces Global Productivity Plan to Strengthen Competitiveness and Deliver Greater Value for Consumers<\/b><\/p>\n

Initiative Accelerates Strategic Progress, Enhances Efficiency and Sharpens Focus on Driving Long-Term Value Creation<\/i><\/p>\n

ATLANTA–(BUSINESS WIRE<\/a>)–
\nNewell Brands (NASDAQ: NWL) today announced a global productivity plan designed to strengthen the company\u2019s competitiveness, deliver greater value for consumers and drive long-term value creation. The plan underscores the company\u2019s disciplined execution, confidence in its strategic direction and commitment to building a more agile and high-performing organization.\n<\/p>\n

\nAs part of the plan, the company will reduce its global workforce by over 900 employees (approximately 10%of professional and clerical employees), with limited impact on manufacturing or supply chain operations. Professional and clerical separations in the United States are largely expected to occur this month, with international actions continuing through 2026, subject to local law and consultation requirements.\n<\/p>\n

\n\u201cWe\u2019ve made meaningful progress executing our strategy and strengthening Newell Brands, but there is more work to do,\u201d said Chris Peterson, President and Chief Executive Officer. \u201cThis productivity plan is about taking the next, disciplined step to enhance efficiency, sharpen our strategic focus, and deliver stronger, more consistent performance. Ultimately, our goal is to deliver greater value for consumers and create sustained long-term value for our shareholders.\u201d\n<\/p>\n

\nBuilding on the company\u2019s turnaround strategy launched in 2023, the productivity plan will raise performance standards, simplify processes, streamline overhead, and redirect resources to the highest-value activities. The plan is enabled in part by the company\u2019s use of automation, digitization, and artificial intelligence to simplify operations, accelerate decision-making, and strengthen execution across functions. These initiatives will enable Newell to further invest in innovation, brand building, and growth in a dynamic consumer environment.\n<\/p>\n

\nAs part of this effort, Newell Brands will close approximately 20 Yankee Candle\u00ae stores in the United States and Canada which, collectively, represent roughly 1% of brand sales, with closures expected to take effect in January 2026. This retail optimization aligns the brand\u2019s footprint with modern consumer shopping behaviors and supports its multi-channel growth strategy.\n<\/p>\n

\nThe company expects to record pre-tax restructuring and related charges of approximately $75 million to $90 million, primarily for severance and related costs, with most of the charges to be recognized by the end of 2026. Once fully implemented, the productivity plan is expected to generate annualized pre-tax cost savings of approximately $110 million to $130 million.\n<\/p>\n

\nThe company affirmed its previously issued guidance for fourth quarter normalized operating margin, normalized earnings per share and operating cash flow. The company now expects that fourth quarter net and core sales results will be towards the lower end of its previously communicated guidance range as sales trends in Latin America continue to improve, but at a rate slower than originally anticipated.\n<\/p>\n

\nChris Peterson and Mark Erceg, Chief Financial Officer, will discuss the productivity plan and its expected benefits at the Morgan Stanley Global Consumer & Retail Conference on December 2, 2025.\n<\/p>\n

About Newell Brands<\/span><\/b><\/p>\n

\nNewell Brands (NASDAQ: NWL) is a leading global consumer goods company with a strong portfolio of well-known brands, including Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, Dymo, EXPO, Elmer\u2019s, Oster, NUK, Spontex and Campingaz. Newell Brands is focused on delighting consumers by lighting up everyday moments.\n<\/p>\n

\nThis press release and additional information about Newell Brands are available on the company\u2019s website, www.newellbrands.com<\/a>.\n<\/p>\n

Non-GAAP Financial Measures<\/span><\/b><\/p>\n

\nThis release and the accompanying remarks contain non-GAAP financial measures within the meaning of Regulation G promulgated by the U.S. Securities and Exchange Commission (the “SEC”).\n<\/p>\n

\nThe Company uses certain non-GAAP financial measures that are included in this press release both to explain its results to stockholders and the investment community and in the internal evaluation and management of its businesses. The Company\u2019s management believes that these non-GAAP financial measures and the information they provide are useful to investors since these measures (a) permit investors to view the Company\u2019s performance and liquidity using the same tools that management uses to evaluate the Company\u2019s past performance, reportable segments, prospects for future performance and liquidity, and (b) determine certain elements of management incentive compensation.\n<\/p>\n

\nThe Company\u2019s management believes that core sales provides a more complete understanding of underlying sales trends by providing sales on a consistent basis as it excludes the impacts of acquisitions, divestitures, retail store openings and closings, certain market and category exits, changes in foreign exchange and customer returns due to a product recall from year-over-year comparisons. The effect of changes in foreign exchange on reported sales is calculated by applying the prior year average monthly exchange rates to the current year local currency sales amounts (excluding acquisitions and divestitures), with the difference between the current year reported sales and constant currency sales presented as the foreign exchange impact increase or decrease in core sales. The Company\u2019s management believes that \u201cnormalized\u201d operating margin and \u201cnormalized\u201d earnings per share, which exclude restructuring and restructuring-related expenses; impairment charges; amortization of acquisition-related intangible assets; divestiture costs; costs related to the acquisition, integration and financing of acquired businesses; inflationary adjustments and one-time and other events such as expenses related to certain legal proceedings, costs related to the extinguishment of debt; certain tax benefits and charges; pension settlement charges; costs related to a product recall; certain facility fire related costs; and certain other items, are useful because they provide investors with a meaningful perspective on the current underlying performance of the Company\u2019s core ongoing operations.\n<\/p>\n

\nThe Company uses a “with” and “without” approach to calculate normalized income tax expense or benefit. At an interim period, the Company determines the year to date tax effect of the pretax items excluded from normalized results by allocating the difference between the calculated GAAP and calculated normalized tax expense or benefit.\n<\/p>\n

\nWhile the Company believes these non-GAAP financial measures are useful in evaluating the Company\u2019s performance and liquidity, this information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ from similar measures presented by other companies.\n<\/p>\n

Forward-Looking Statements<\/span><\/b><\/p>\n

\nSome of the statements in this press release, particularly those anticipating future financial performance, business prospects, growth, operating strategies, the benefits and savings associated with the global productivity plan announced in this press release, future macroeconomic conditions and similar matters, are forward-looking statements within the meaning of the federal securities laws. These statements generally can be identified by the use of words or phrases, including, but not limited to, “guidance,” “outlook,” \u201cintend,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201ctarget,\u201d \u201cplan,\u201d \u201cexpect,\u201d \u201csetting up,\u201d “beginning to,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cwould,\u201d “could,” \u201cresume,\u201d \u201cremain confident,\u201d “remain optimistic,” “seek to,” or similar statements. We caution that forward-looking statements are not guarantees because there are inherent difficulties in predicting future results. Actual results may differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to:\n<\/p>\n