Newell Brands is set to announce its fourth-quarter earnings results before the market opens on February 6. This report could significantly impact investor sentiment and stock performance, with analysts keenly observing the results for indicators of future growth and stability.
NWL's dividend yield stands at 7.71%, attracting investors. Wells Fargo raised NWL's price target from $5 to $6. Barclays upgraded NWL's price target from $8 to $9. NWL plans to cut over 900 jobs to enhance productivity. Analysts maintain mixed ratings for NWL amidst market volatility.
Newell Brands will close 20 Yankee Candle stores across North America. Closures represent about 1% of Yankee Candle's sales. Company is reducing its workforce by over 900 employees. Newell aims to enhance efficiency and strengthen its market position. CEO states progress in turnaround strategy, but more work remains.
Newell will cut 900 jobs, impacting 3.8% of its workforce. The company faces $90 million in restructuring charges this year. 20 Yankee Candle stores are closing, affecting 1% of brand sales. Annualized cost savings from restructuring expected to be $110-$130 million. Shares increased over 3% following the job cut announcement.