Earnings Summary: Key Highlights from Newell Brands’ Q2 2024 Financial Results

Friday, 26 July 2024, 15:11

Newell Brands Inc. (NASDAQ: NWL) reported a significant increase in net income for Q2 2024, with earnings rising to $45 million, up from $18 million in the same period last year. Despite this positive trend in earnings, the company experienced a decline in net sales, which dropped 7.8% to $2.0 billion compared to the prior year. Core sales also fell by 4.2%. In conclusion, while Newell Brands showed improved profitability, the ongoing decrease in sales raises concerns about future growth.
AlphaStreet
Earnings Summary: Key Highlights from Newell Brands’ Q2 2024 Financial Results

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.


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