NEWELL BRANDS Reports FY2022 Q4 Earnings Results for Period Ended December 31, 2022
March 20, 2023
On February 10 2023, NEWELL BRANDS ($BER:NWL) announced their earnings results for the fourth quarter of FY2022 which ended on December 31 2022. Total revenue for the quarter decreased by 359.4% compared to the same period in the previous year, equalling USD -249.0 million. Net income was down 18.5% year over year, amounting to USD 2285.0 million.
At the close of the trading session, NEWELL BRANDS stock opened at €13.5 and closed at €13.5, down 3.9% from the previous closing price of €14.0. This was an overall drop in stock price since the start of the trading day and signals a decrease in investor confidence in the company’s ability to deliver strong financial results in the coming quarter. Despite this decrease in stock price, investors are still looking to NEWELL BRANDS as a leader in the consumer goods industry. Their portfolio of brands across a variety of product lines is extensive and they have been able to successfully launch new products that capture the attention of consumers worldwide. With their ability to transcend boundaries, NEWELL BRANDS is well-positioned to capitalize on their loyal customer base and continue to report consistent growth in the future.
Moving forward, NEWELL BRANDS is focused on continuing to deliver strong financial performance for investors. They are actively managing costs, increasing efficiencies and ensuring maximum profitability. With a commitment to innovation and creativity, NEWELL BRANDS is confident that they can continue to deliver strong results and remain competitive in a rapidly changing marketplace. Live Quote…
About the Company
Below shows the total revenue, net income and net margin for Newell Brands. More…
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Cash Flow Snapshot
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Balance Sheet Snapshot
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Key Ratios Snapshot
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At GoodWhale, we have conducted a comprehensive analysis of Newell Brands’ fundamentals. After studying the financial and business aspects of the company, our risk rating shows that the company is a medium-risk investment. We have detected two risk warnings in the income statement and balance sheet of Newell Brands. To gain access to this information, be sure to register with us. We believe that being informed is the key to making smart investment decisions. That’s why we provide an extensive analysis of companies like Newell Brands so our users can make decisions with confidence. More…
NEWELL BRANDS reported its FY2022 Q4 earnings results on February 10 2023, posting a total revenue of USD -249.0 million, a decrease of 359.4% from the same quarter of the previous year. Net income was USD 2285.0 million, down 18.5% year over year. This news had a negative effect on the stock price, causing it to move down the same day. Investors may be concerned about this performance as it indicates a weak financial outlook for NEWELL BRANDS.
Analysts might recommend evaluating the company’s current assets and liabilities, as well as its ability to generate profitable growth in the future, before investing in the company. Furthermore, potential investors should also consider the company’s potential to generate additional sources of income and its competitive advantage in order to make an informed investment decision.
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