We recently published 10 Stocks Investors Are Dumping Fast. Newell Brands Inc. (NASDAQ:NWL) is one of the worst-performing stocks on Friday.
Newell Brands extended its losses for a fifth consecutive day on Friday, shedding another 15.15 percent to close at $4.76 apiece as investor sentiment was weighed down heavily by its pessimistic outlook and dismal performance for the first half of the year.
In an updated report, Newell Brands Inc. (NASDAQ:NWL) said net income in the first six months dwindled by 75 percent to only $9 million from the $36 million in the same period last year, as net sales decreased by 5 percent to $3.5 billion from $3.7 billion year-on-year.
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In the second quarter alone, net income inched up by 2.2 percent to $46 million from $45 million in the same period last year, while net sales decreased by 4.8 percent to $1.9 billion from $2.03 billion year-on-year, reflecting a core sales decline, unfavorable foreign exchange, and business exits.
Looking ahead, Newell Brands Inc. (NASDAQ:NWL) updated its third-quarter and full-year 2025 outlook to reflect its estimates from the current tariff scenario.
Core and net sales in the current quarter are now expected to decline between 2-4 percent versus the 1-3 percent previously.
For the full year, core and net sales were pegged to decline between 2-3 percent year-on-year.
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