Newell Brands’ Post

Today, Newell Brands’ President & CEO Chris Peterson and CFO Mark Erceg announced the company’s first quarter 2024 financial results, which were ahead of plan on key metrics. Highlights for the quarter include: ✅ Best core sales performance since Q2 2022 ✅ Normalized gross margin improved year-over-year for the third consecutive quarter ✅ Relative to a year ago, normalized operating margin nearly doubled and improved for the second consecutive quarter ✅ Drove strong operating cash flow versus last year ✅ Continued to reduce inventory versus last year, accelerate productivity and focus investment on building capabilities and top brands and markets ✅ Full year 2024 outlook affirmed The progress made this quarter is a direct result of the company’s strategic choices and demonstrates that the steps we’ve taken to implement and operationalize our corporate strategy and improve the structural economics of our business are working. To read the full press release, visit: https://lnkd.in/e8FHhWKN

#SoloBrands ' (NYSE:DTC) announcement that CEO John Merris is on his way out, shortly after the company made a significant revision to its 2023 revenue and earnings guidance, has forced analysts at Jefferies to reassess their valuation of the company. While the analysts continue to view the company’s portfolio of lifestyle brands as strong, they said it was “prudent” to move to the sidelines until its go-forward strategy is better understood. As a result, they have downgraded the stock to ‘Hold’ from ‘Buy’ and cut their price target to $4 from $12. As well as Merris leaving the company — to be replaced by former Vista Outdoor CEO Chris Metz — the analysts noted the departure of former chief financial officer Somer Webb in October 2023, prompting the appointment of Andrea Tarbox as interim CFO. More at #Proactive #ProactiveInvestors #NYSE #DTC http://ow.ly/WFzk1058oIi

📰 Trending Consumer Stories 📰 Happy #tuesday. Here are the #consumer stories trending this today. ✔ Procter & Gamble's mixed second-quarter results saw revenue rise due to price hikes, but volume declined and earnings missed expectations, prompting a narrowed full-year guidance. ✔ Temu defies expectations by wooing older shoppers with diverse products and deep discounts. ✔ Kelly-Moore Paints shuts down after decades of legal woes, competitors scramble to fill the void. To learn more visit consumerrundown.com. Consumer Rundown is your destination for the people, companies and trends transforming today's consumer markets. Immerse yourself in curated industry news, track the latest venture funding, and discover game-changing acquisitions shaping the future of consumer markets.

Recycling is great for the environment—but not for creating content about alternative investments. When trying to reach retail investors, many asset managers default to using a version of their existing institutional content and fail to address the dramatically different goals and questions high-net-worth investors (and their advisors) have about alts. #DemocratizationOfAlts #AssetManagement

Latest moves in the restructuring

For CPG brands navigating today’s competitive market, understanding the financial implications of launching at a new retailer is crucial. Knowing the costs involved and determining if the investment will pay off can make all the difference in achieving profitability. Join Luke Abbott and Wade Yenny for our next masterclass to get a clear understanding of the financial landscape of retail partnerships. By the end of this session, you’ll be equipped with practical tools and strategies to ensure your business not only survives but thrives in the competitive retail environment. Maximize Retailer ROI: Understand Your Costs, Cash Flow & Profitability 📅 Date: June 20th, 2024 🕚 Time: 11:00 AM PDT | 2:00 PM EDT #CPG #RetailSuccess #Masterclass #BusinessStrategy #RetailCosts

Brand bankruptcy is no longer a taboo topic. In today's fast-paced business world, it's a strategic decision that can lead to creative partnerships, new business models, and enhanced resilience. https://bit.ly/44Dmqx4 #BusinessStrategy #BankruptcyTrends #ResilientBrands #retailtrends

Nearly half of retail investors have been investing for less than five years, which means they view investing differently and expect different engagement, says Matt (MJ) Joanou of Stakeholder Labs. Public companies measure and increase shareholder loyalty, but need resources to engage with those shareholders to increase their loyalty. With the rise of retail investors, companies can use the power of self-organized communities as an opportunity to bring new information to retail investors. Watch the whole discussion right now: https://lnkd.in/euQ3_bqh #MakeItSnapTrade #BenzingaFintechDealDay

There are few things more paramount for the growth of your DTC brand than financial responsibility. If you aren't focused on cashflow and financing early on, your business may end before it even begins. Tonight at 6:00PM EST, I'll be joining Daphne Che and Jason Fleming, two industry experts in financing and capital solutions, to discuss how DTC brands can properly manage their cash to the point of achieving high-growth, while avoiding the ever-so-common crash. We'll be live right here on LinkedIn — I'm really excited to get this panel started and shed some light on a topic that, in my opinion, is not discussed enough. Let me know if you'll be there 🤝 https://lnkd.in/giXwiCYH 

Acuity Brands Reports Fiscal 2024 First-Quarter Results https://bit.ly/3vzFCy4 Strong Execution Delivering Margin Expansion and EPS Growth Delivered Net Sales of $935M , a 6% Decline Compared to the Prior Year Grew Operating Profit to $133M , up 22% Over the Prior Year; Adjusted Operating Profit of $154M , up 10% Over the Prior Year Reported Diluted EPS of $3.21 , up 40% Over