Third quarter revenue at Newell Brands was down but higher than expected operating margin, earnings per share and operating cash flow led the company to raise its full-year guidance.
The Oster brand, a division of Newell Brands, has launched the newest addition to its blender portfolio, the Oster Pro Blender with Texture Select Settings. The new blender gives consumers the option to customize their food texture with the touch of a button, for thin, medium or thick results.
Calphalon has launched the Calphalon ActiveSense blender, which is said to precisely blend on its own with the help of five preset food settings for commonly blended foods and drinks including smoothies, salsas, milk shakes, juices, and frozen beverages.
Despite a drop in sales in the second quarter, Newell Brands officials are offering a positive outlook for the company as they raised guidance for net sales and operating cash flow for the remainder of the fiscal year.
Ball Fresh Preserving, a brand of Newell, is celebrating 135 years of Ball Jars by bringing back the brand’s vintage aqua blue jars. The company has also launched new recipes and additional new canning products.
Just days after Newell Brands reported another decline in quarterly revenue, the company’s board of directors may be looking to replace CEO Michael Polk.
Fourth quarter revenue at Newell Brands was down as the company reported sales declines in its three key product segments including Food & Appliances.
BJ’s Wholesale Club has appointed Christopher Peterson, executive vice president, chief financial officer of Newell Brands, to its board of directors. He will serve as chair of the board’s audit committee.