Earnings Summary: Key Highlights from Newell Brands’ Q2 2024 Financial Results
Friday, 26 July 2024, 15:11
Newell Brands Q2 2024 Earnings Overview
Consumer goods company Newell Brands Inc. (NASDAQ: NWL) reported a sharp increase in net income for the second quarter of 2024.
Financial Highlights
- Net sales decreased 7.8% to $2.0 billion from the prior year period.
- Core sales declined 4.2%.
- Net income rose to $45 million, up from $18 million.
Conclusion
While Newell Brands has seen an increase in earnings, the sales decline poses potential challenges ahead.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.